Section 12055 Of Article 1. Capital And Scope Of Business From California Insurance Code >> Division 2. >> Part 4. >> Chapter 1. >> Article 1.

. An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to any person so insured by it. In performing any such act the credit insurer shall be under the jurisdiction of the Insurance Commissioner.