Section 10432 Of Article 1. Restrictions On Business From California Insurance Code >> Division 2. >> Part 2. >> Chapter 5. >> Article 1.

. A corporation or stock company, acting as agent of a life insurer and its agents, officers, or employees shall not sell, agree or offer to sell, or give or offer to give, directly or indirectly, any such securities or contracts as an inducement to insurance or in connection therewith.