Section 4032 Of Article 3. Management And Exclusive Agency Contracts From California Insurance Code >> Division 2. >> Part 1. >> Chapter 4. >> Article 3.
4032
. The commissioner shall disapprove any such contract if he
finds that it:
(a) Subjects the insurer to excessive charges; or
(b) Is to extend for an unreasonable length of time; or
(c) Does not contain fair and adequate standards of performance;
or
(d) Contains other inequitable provisions or provisions which
impair the proper interests of policyholders of the insurer.