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4162 REVIEW DENIED Negotiating the sale of insurance, even if not the principal object of a commercial transaction, and receiving a commission in the form of a profit on the sale requires a license, and doing so without a license violates the Insurance Code and may give rise to an action under the Unfair Competition Law; agreements that charge an excessive price are not unconscionable if notice is given of the price and the purchaser is given an opportunity to purchase the same service from another provider; failing to disclose the profit derived from a transaction does not make it unconscionable or result in a violation of the False Advertising Law.
WAYNE v STAPLES (Shipping Insurance) 135 CA4 466 [See: InsC 22; B&PC 17200 etseq; 17500 etseq; CivC 1670.5; Automotive Fndg v Garamendi 114 CA4 846; UPS Tax Ct Memo 254 F3 1014]
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