ARTICLE 4.7. Insurance Holding Company System Regulatory Act [1215. - 1215.18.]
Article 4.7 added by Stats. 1969, Ch. 1275.
§§ 1215–1215.18 · 20 sections
- § 1215 As used in this article, the following terms shall have the respective meanings hereafter set forth, unless the context shall otherwise require: (a) An…
- § 1215.1 (a) Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries subject to the…
- § 1215.2 (a) A person shall not make a tender offer for, or a request or invitation for tenders of, or enter into an agreement to exchange securities for or acquire in…
- § 1215.3 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…
- § 1215.4 (a) Every insurer that is authorized to do business in this state and that is a member of an insurance holding company system shall register with the…
- § 1215.5 (a) Transactions by registered insurers with their affiliates are subject to the following standards: (1) The terms shall be fair and reasonable and consistent…
- § 1215.6 (a) Subject to the limitation contained in this section, and in addition to the powers which the commissioner has under Article 4 (commencing with Section 730)…
- § 1215.7 (a) With respect to any insurer registered under Section 1215.4, and in accordance with subdivision (c), the commissioner shall also have the power to…
- § 1215.75 (a) (1) The commissioner is authorized to act as the groupwide supervisor for any internationally active insurance group in accordance with this section.…
- § 1215.8 (a) All information, documents, and copies thereof obtained by or disclosed to the commissioner or any other person in the course of an examination or…
- § 1215.9 The commissioner may, upon notice and opportunity for all interested persons to be heard, issue such rules, regulations, and orders as shall be necessary to…
- § 1215.10 (a) Whenever it appears to the commissioner that any insurer or any director, officer, employee, or agent thereof has committed or is about to commit a…
- § 1215.11 (a) Any insurer that fails to file a statement, report, or request for approval required by this article in a timely manner shall be subject to the late filing…
- § 1215.12 Whenever it appears to the commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic…
- § 1215.13 Whenever it appears to the commissioner that any person has committed a violation of this article which makes the continued operation of an insurer contrary to…
- § 1215.14 (a) For the purposes of this article only, every foreign insurer, except an insurer described in Article 2 (commencing with Section 12350) of Chapter 1 of Part…
- § 1215.15 (a) The provisions of this article shall not apply to any party or entity participating in any investment by a home protection company in its subsidiary or…
- § 1215.16 All laws and parts of laws of this state inconsistent with this article are hereby superseded with respect to matters covered by this article.
- § 1215.17 If any provision of this article or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions or…
- § 1215.18 (a) If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under that order shall have a right to recover…