California Legal Codes and Statutes

§ 1642

Amended by Stats. 2000, Ch. 321, Sec. 4.7. Effective January 1, 2001. Operative January 1, 2002, by Sec. 9 of Ch. 321.

An insurer or reciprocal or interinsurance exchange is not eligible for any license under this chapter; but a corporation rendering sales services in connection with a separate account may be licensed irrespective of the extent of ownership of the corporation by an insurer. Nothing herein shall be interpreted to prohibit an insurer or reciprocal or interinsurance exchange from licensing its employees who solicit, negotiate, or effect contracts of insurance pursuant to this article.

Cite this section

Cal. Ins. Code § 1642 (2026)
https://ca.codecond.com/codes/ins/division-1-general-rules-governing-insurance/part-2-the-business-of-insurance/chapter-5-production-agencies/article-3-licensing/section-1642

Other sections in Article 3 - Licensing

§ 1631§ 1631.5§ 1632§ 1633§ 1633.5§ 1634§ 1635§ 1637§ 1638§ 1638.5§ 1639§ 1639.1§ 1640§ 1642§ 1644§ 1646§ 1647.5§ 1649.5§ 1650§ 1651

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.