SECTIONS 12640.19 - California Statutes

INSURANCE CODE

SECTION 12640.19

12640.19. No bank, savings and loan association or insurance
company, any of whose authorized real estate securities are insured
by mortgage guaranty insurance pursuant to this chapter (commencing
with Section 12640.01) may state in any brochure, pamphlet, report or
any form of advertising that the real estate loans of the bank,
savings and loan association or insurance company are "insured loans"
unless the brochure, pamphlet, report or advertising also clearly
states that the loans are insured by private insurers and the names
of the private insurers are given and shall not make any such
statement at all unless such insurance is by an insurer certificated
to write in this State.