Cal. Fin. Code § 12200.5

Current through the 2024 Legislative Session.

Section 12200.5 - Classification of proraters licenses

The commissioner shall classify and license applicants for a proraters license in accordance with the nature of their existing or proposed business and the extent of regulation required thereby in the public interest as follows:

(a) A special proraters license shall be issued to a qualified applicant to engage in business as a business agent.

(b) A general proraters license shall be issued to all other qualified applicants.

Whenever the term "prorater" is used in this division with reference to a licensee it shall be deemed to mean a general prorater unless otherwise provided.

Ca. Fin. Code § 12200.5

Added by Stats. 1957, Ch. 498.