Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 6. INSURANCE COVERING LAND [12340 - 12661]
( Part 6 enacted by Stats. 1935, Ch. 145. ) CHAPTER 1. Title Insurance [12340 - 12418.4]
( Chapter 1 enacted by Stats. 1935, Ch. 145. ) ARTICLE 3. Title Insurers: Finances and Investments [12370 - 12377]
( Article 3 enacted by Stats. 1935 ) 12374.
Except as otherwise authorized by subdivision (g) of Section 1105, a title insurer shall not directly or indirectly make a loan from its assets to any of its officers, directors or employees, or to any member of the family of any officer or director. Any officer, director, agent, or employee of any such insurer who knowingly consents to any violation of this section is guilty of a misdemeanor.
(Amended by Stats. 1981, Ch. 55, Sec. 3.)