California Insurance Code 12630-12631
12630. A violation of any of those terms or provisions of this chapter which forbid a particular insurance or investment by a mortgage insurer shall not affect the force or validity of any certificate, security or mortgage policy of a mortgage insurer, but any officer, director, agent or other employee of any such insurer who knowingly consents to any such violation is guilty of a misdemeanor. 12631. Any person who commits any of the following acts without complying with the provisions of this chapter, is guilty of a misdemeanor. (a) Engaging as a business in the making or issuing in this State of mortgage policies or mortgage participation certificates. (b) Advertising in this State the making or issuing of such policies or certificates. (c) Publicly offering in this State to make or issue such policies or such certificates. Any officer, director, agent or other employee of any such person, who knowingly consents, permits or commits any violation of any of the terms or provisions of this section is guilty of a misdemeanor.
