Insurance Code § 1215.3
ARTICLE 4.7. Insurance Holding Company System Regulatory Act
The following shall be violations of this article:
(a) The failure to file the statement required under subdivision (a) of Section 1215.2.
(b) Effectuation or any attempt to effectuate an acquisition or control of, or merger with, a domestic insurer either within the 60-day period referred to in subdivision (d) of Section 1215.2, unless the commissioner has given his approval thereto, or after disapproval of such acquisition of control or merger.