California Insurance Code 12660-12661

12660. Any person who in this state engages in the business of guaranteeing or insuring land values, or who solicits or negotiates in this state for the purpose of, or in any manner aids, any person within or without this state to engage in such business, is guilty of a public offense and punishable by imprisonment in the state prison, or in the county jail for not exceeding one year, or by fine not exceeding ten thousand dollars ($10,000), or by both such fine and imprisonment. 12661. The commissioner may suspend or revoke or may deny any license or certificate issued under any provision of this code in any case where the applicant or licensee or certificate holder has committed an act denounced by section 12660.