California · Insurance Code

INS §1758.67: Under the authority of the portable electronics insurance agent license, a portable electronics insurance agent shall not do any of the following: (a) Offer to sell insurance except in conjunction wit

Civil

What this law says, in plain English

Licensed portable electronics insurance agents must sell insurance only alongside electronics sales, cannot misrepresent themselves as insurers, and face limits on endorsee compensation for insurance sales.

Read the full statutory text

Under the authority of the portable electronics insurance agent license, a portable electronics insurance agent shall not do any of the following: (a) Offer to sell insurance except in conjunction with, and incidental to, the business of selling portable electronics, their accessories, or related services. (b) Advertise, represent, or otherwise portray itself or its endorsees as licensed insurers or property and casualty broker-agents. (c) Pay any endorsee compensation based primarily on the number of customers electing coverage under the portable electronics insurance agent’s license. However, nothing in this code shall prohibit the payment of compensation to an endorsee of a portable electronics insurance agent for activities under the agent’s license that is incidental to their overall compensation. The incidental compensation shall not exceed fifteen dollars ($15) per customer who purchases portable electronics insurance coverage. (d) Unless lawfully transacting the business of insurance pursuant to a certificate of authority issued pursuant to Section 700 for the appropriate class, a person obligated to perform under a contract offered in or from this state that meets the definition of portable electronics insurance as set forth in Section 1758.69 shall be deemed to be unlawfully transacting the business of insurance and shall be subject to subdivision (b) of Section 700 and Section 12921.8.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.