Cal. Ins. Code § 12630
12630
Enacted by Stats. 1935, Ch. 145.
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.