A schedule of the downpayment liability as at the end of each month during the calendar year as reflected in the Downpayment Liability Control Account must be submitted each year with the Annual Report required by Section 18405 of the Financial Code unless the downpayments are held by the premium finance agency in a separate account.
Cal. Code Regs. Tit. 10, § 40.1702
Note: Authority cited: Section 18347, Financial Code. Reference: Section 18405, Financial Code.