§ 827 Insurer Security Sales Permit

Insurance Code·California

AI SummaryVerified

This law says insurance companies can't sell their own stocks or bonds unless they get special permission from the government first.

Key Takeaways

•Insurance companies need permission to sell their own stocks or bonds.
•They must ask the government (commissioner) for a permit first.
•This rule helps make sure insurance companies follow the rules when selling their own investments.

Example

An insurance company wants to sell its own stocks to raise money.

They can't do it unless they ask the government for a permit and get approved.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 827 Insurer Security Sales Permit

An insurer shall not sell in this state, except upon a sale for delinquent assessment made in accordance with the provisions of Section 423 of the Corporations Code, or offer for sale, negotiate for the sale of, or take subscriptions for any security of its own issue until it shall have first applied for and secured from the commissioner a permit authorizing it so to do. (Amended by Stats. 1978, Ch. 349.)

Last verified: January 11, 2026

Key Terms

insurance commission offer corporation stock assessment accordance security

References

Official text at leginfo.legislature.ca.gov
California Legislature. Insurance Code. Section 827.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References