Cal. Code Regs. tit. 10 § 2602.04
The Insurance Securities Law (Insurance Code Sections 820- 860) literally applies and requires the Commissioner's permit for any of the following to be done in this State: solicitation, sale or issuance of its securities by any insurer when such sale is an original issue not a secondary sale. Refer to Code Sections 821.5, 822, 827, and Opinion of California Attorney General No. 50/70, June 22, 1951, 17 Opinions California Attorney General 217, the cases cited therein and any subsequent decisions bearing on the subject. In addition, the matter of "commercial domicile" of a foreign corporation in this State may be determinative. See Western Air Lines vs. Sobieski (2nd District Court of Appeals--4/20/61), 12 Cal. Rptr. 719, 191 Cal. App. 2d 399.
Cal. Code Regs. Tit. 10, § 2602.04