Section 12200.5 Of Chapter 3. Licensing From California Financial Code >> Division 3. >> Chapter 3.
12200.5
. 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.