Cal. Codes » Insurance Code / DIVISION 2. CLASSES OF INSURANCE / PART 2. LIFE AND DISABILITY INSURANCE / CHAPTER 5. General Regulation of Life Insurers / ARTICLE 1. Restrictions on Business
California Codes

Cal. Insurance Code § 10430 (2026)

Restrictions on Business

✓ leginfo export of Sept. 26, 2026 (applied Oct. 1, 2026)
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An admitted life insurer shall not issue or deliver in this State, any securities or any special or advisory board or other contracts of any kind promising returns and profits as an inducement to insurance nor shall it permit its agents, officers or employees to do so.

Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: Jerald Friedman v. AARP Inc, No. 2:14-cv-00034 (C.D. Cal. Nov. 1, 2019).
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Jerald Friedman v. AARP Inc, No. 2:14-cv-00034 (C.D. Cal. Nov. 1, 2019). “11 12 Cal. Ins. Code § 10430 (emphasis added). Connecticut’s anti-rebate statute provides: 13 No insurance company doing business in this state, or 14 attorney, producer or any other person shall pay or allow, or offer to pay or allow, as inducement to insurance, any rebate of…”
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