Current through Register 2024 Notice Reg. No. 45, November 8, 2024
Section 2603.01 - Made by WhomUnless 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