California § 1104 - An admitted insurer shall not make any loan, other than a policy loan, to any off

Full text of California Public Contract Code - PCC § 1104 — An admitted insurer shall not make any loan, other than a policy loan, to any off, with citation guidance and answers to common questions.

§ 1104. An admitted insurer shall not make any loan, other than a policy loan, to any off

An admitted insurer shall not make any loan, other than a policy loan, to any officer, director, trustee or other person having authority in the management of its funds, nor shall such officer, director, trustee or other person accept any such loan. This section does not prohibit a loan to, or for the benefit of, an employee for the purpose of paying the premiums on a life insurance policy on the life of such employee.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 1104

What does Public Contract Code - PCC § 1104 cover?

Section 1104 ("An admitted insurer shall not make any loan, other than a policy loan, to any off") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 1104?

A common citation format is "Public Contract Code - PCC § 1104" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 1104 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.