California Legal Codes and Statutes

§ 1649.5

Amended by Stats. 2011, Ch. 411, Sec. 13. (AB 1416) Effective January 1, 2012.

Notwithstanding Section 1642, an insurer may own or control, whether directly or indirectly, a separate entity licensed under this chapter as a property broker-agent, casualty broker-agent, or life agent as defined in Section 1621, 1622, or 1623, respectively. Insurance transacted by a property broker-agent or a casualty broker-agent with and on behalf of the owning or controlling insurer shall be in its capacity as an insurance agent.

Cite this section

Cal. Ins. Code § 1649.5 (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-1649.5

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

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