Cal. Code Regs. tit. 10 § 2603.01

Current through Register 2024 Notice Reg. No. 24, June 14, 2024
Section 2603.01 - Made by Whom

Unless otherwise specified by statute or these regulations, an application for an insurer securities permit shall be made as follows:

A. Where an existing insurer, as defined by paragraph C of Section 2601.02, supra, proposes to sell and issue its securities, by the insurer entity.
B. For a preorganization permit, by the individual or individuals seeking to organize the insurer.
C. For a subscription permit, by the corporate entity which seeks to solicit subscriptions for its stock.
D. For a negotiating permit, by the insurer which seeks directly or indirectly to solicit, offer, sell and issue or exchange its securities. See also Section 2602.06 A, supra.
E. For a permit to solicit powers of attorney and applications for policies of insurance to organize a reciprocal insurer pursuant to Insurance Code Section 1511, by its Attorney-in-Fact. (Section 1322)
F. For a permit authorizing a reciprocal insurer to issue its securities, by the interinsurance exchange itself.

Cal. Code Regs. Tit. 10, § 2603.01