CHAPTER 4. Foreign Insurers [1561. - 1620.7.]

Chapter 4 enacted by Stats. 1935, Ch. 145.

§§ 1561–1620.7 · 43 sections

1. ARTICLE 1. Conditions of Doing Business § 1561 · 1 section

   • § 1561 Any law or ruling of any state of the United States or any foreign country which shall attempt to assume jurisdiction over, or to authorize regulation or…
2. ARTICLE 2. Alien Insurers §§ 1580–1599 · 20 sections

   • § 1580 As used in this article, the term “alien insurer” means a foreign insurer organized under the laws of any jurisdiction other than a State of the United States.
   • § 1581 Except as otherwise expressly provided for particular insurers, an alien insurer shall not transact any insurance in this State without first making the…
   • § 1582 The amount of such deposit shall be equal to the minimum amount of the paid-in capital required for admission of incorporated insurers issuing policies on a…
   • § 1583 The deposit required by Section 1581 (a) Shall be continuously maintained so long as any obligation arising out of any insurance transacted by such alien…
   • § 1585 If such deposit is not so maintained in this State, it shall be deemed to be in existence as required by this article only when a certificate, issued by the…
   • § 1586 Such deposit, if maintained in this State, shall be for the benefit and security of all the policyholders and creditors of such alien insurer in the United…
   • § 1587 Securities deposited with the commissioner pursuant to this article shall be specially deposited by him in the State Treasury, in packages marked with the name…
   • § 1588 As long as the depositing insurer is solvent and the deposited securities are sufficient under this article, it may collect the income on the deposited…
   • § 1589 Whenever a deposit is made with the commissioner, he or she shall issue to the depositing insurer a certificate under his or her official seal stating the…
   • § 1590 The commissioner shall require the payment of forty-four dollars ($44), in advance, as a fee for filing a certificate of deposit of securities under this…
   • § 1591 In addition to complying with all other applicable requirements of this code, every admitted alien insurer shall on or before the first day of March in each…
   • § 1592 The statement required by Section 1591 shall be verified in the manner prescribed in Sections 903 and 903.5 and the certificate of each trustee in the United…
   • § 1593 The excess of the sum of those items in such statement, which are described in subdivision (a), (b), (c) and (d) of Section 1591, over the liabilities in the…
   • § 1594 Whenever it appears to the commissioner that the trusteed surplus in the United States of an alien insurer is less than an amount equal to the minimum amount…
   • § 1595 Whenever an admitted alien insurer is required or permitted to deposit assets with a trustee for the benefit and security of its policyholders, or of its…
   • § 1596 To satisfy the purposes of this article, any alien insurer admitted or seeking to be admitted is hereby authorized to make and execute a deed of trust by…
   • § 1596.5 Trusteed assets may be held by a trustee in the name of a nominee of the trustee, when permitted by and in accordance with the law authorizing the trustee to…
   • § 1597 In respect of the appointment or substitution of a trustee in another state in which an admitted alien insurer is authorized to transact insurance, in respect…
   • § 1598 The commissioner may from time to time examine the trusteed assets of any alien admitted insurer pursuant to Section 736, and may from time to time require the…
   • § 1599 The commissioner shall require the payment of twenty-nine dollars ($29), in advance, as a fee for filing each certificate of a trustee required to be filed by…
3. ARTICLE 3. Agent for Service of Process §§ 1600–1605 · 7 sections

   • § 1600 The commissioner shall require every foreign insurer, as a condition precedent to receiving and holding a certificate of authority, to file and maintain in the…
   • § 1600.5 An agent designated by a foreign insurer as provided in this article may file with the insurance commissioner a written statement of resignation as such agent…
   • § 1601 (a) A fee shall not be charged, except as included in the application for certificate of authority fee provided by Article 3 (commencing with Section 699) of…
   • § 1602 Any notice provided by law or by a policy, and any proof of loss, summons or other process may be served on such agent in any action or other legal proceeding…
   • § 1603 The person appointed and designated pursuant to Section 1600 shall be deemed in law a general agent, and shall for service of process be the principal agent of…
   • § 1604 Every foreign insurer, as a further condition precedent to admission and in consideration thereof, shall file with the commissioner an agreement or…
   • § 1605 Service may be made upon the commissioner under the circumstances described in the agreement or stipulation provided for by this article and in the manner…
4. ARTICLE 4. Actions Against Nonadmitted Insurers §§ 1610–1620 · 8 sections

   • § 1610 Any of the acts described in Section 1611, when effected in this State, by mail or otherwise, by a foreign or alien insurer which is nonadmitted at the time of…
   • § 1611 The acts referred to in Section 1610 are: (1) The issuance or delivery to residents of, or to corporations authorized to do business in, this State of…
   • § 1612 Such service of process may be made as provided in Article 1 (commencing with Section 12919) of Chapter 2 of Division 3.
   • § 1616 Before any nonadmitted foreign or alien insurer shall file or cause to be filed any pleading in any action, suit or proceeding instituted against it, the…
   • § 1617 The court in any action, suit, or proceeding, in which service of process is effected in the manner provided in Section 1612 may, in its discretion, order such…
   • § 1618 Nothing in Section 1616 is to be construed to prevent a nonadmitted foreign or alien insurer from filing a motion to quash a writ or to set aside service…
   • § 1619 In any action against a nonadmitted foreign or alien insurer upon a contract of insurance issued or delivered in this State to a resident thereof or to a…
   • § 1620 (a) The provisions of the preceding sections of this article shall not apply to any action, suit, or proceeding against any unauthorized foreign or alien…
5. ARTICLE 4.5. Unauthorized Insurers False Advertising Process Act §§ 1620.1–1620.7 · 7 sections

   • § 1620.1 (a) The purpose of this article is to subject to the jurisdiction of the commissioner and to the jurisdiction of the courts of this State, insurers not…
   • § 1620.2 As used in this article (commencing with Section 1620.1): (a) “Unfair Trade Practices Act” means Article 6.5 (commencing with Section 790) of Chapter 1 of Part…
   • § 1620.3 No unauthorized foreign or alien insurer shall make, issue, circulate or cause to be made, issued or circulated to residents of this State any estimate,…
   • § 1620.4 If after 30 days following the giving of the notice mentioned in Section 1620.3 the insurer has failed to cease making, issuing, or circulating such false…
   • § 1620.5 (a) Any of the following acts in this State, effected by mail or otherwise, by any unauthorized foreign or alien insurer: (1) the issuance or delivery of…
   • § 1620.6 If any provision of this article (commencing with Section 1620.1) or the application thereof to any person or circumstance is held invalid, such invalidity…
   • § 1620.7 This article (commencing with Section 1620.1) may be cited as the Unauthorized Insurers False Advertising Process Act.