Section 12760 Of Chapter 3. Other Provisions From California Insurance Code >> Division 2. >> Part 7. >> Chapter 3.
12760
. No home protection company shall pay a commission to any
person as an inducement or compensation for the issuance, purchase or
acquisition of a home protection contract, nor shall a home
protection company or any other insurer either directly or
indirectly, as a part of any real property transaction in which a
home protection contract will be issued, purchased or acquired,
require that a home protection contract be issued, purchased or
acquired in conjunction with or as a condition precedent to the
issuance, purchase or acquisition, by any person, of any other policy
of insurance. The provisions of this section shall not prohibit
payment of an override commission or marketing fee to an employee or
commission sales agent who is the marketing representative of the
home protection company or its parent, subsidiary, or affiliate on
the sale or marketing of a home protection contract, provided such
person is not a real estate licensee sharing in or entitled to share
in, or affiliated with a real estate brokerage firm which is entitled
to share in the real estate commission generated by the underlying
real property transaction.