CHAPTER 2. Certificate of Authority [12160. - 12170.]
Chapter 2 repealed and added by Stats. 1969, Ch. 858.
§§ 12160–12170 · 15 sections
- § 12160 (a) A person shall not render or agree to render motor club service in this state without first obtaining from the commissioner a certificate of authority to…
- § 12161 Application for a certificate of authority shall be made on a form prescribed by the commissioner, accompanied by a filing fee of four thousand nine hundred…
- § 12162 The commissioner shall not issue a certificate of authority to any motor club until: (a) It files with him or her the following: (1) A formal application for…
- § 12162.5 All motor clubs applying for a certificate of authority to act as a motor club in this state shall demonstrate to the satisfaction of the commissioner that…
- § 12162.6 (a) A motor club holding a certificate of authority to act as a motor club granted prior to January 1, 1992, may continue to retain the certificate until July…
- § 12162.7 For purposes of this article, “liquid assets” means cash, cash equivalents, and marketable securities readily convertible into cash. Liquid assets also include…
- § 12162.8 If any portion of the audit report required by paragraph (1) of subdivision (b) of Section 12162.6 includes a qualified opinion as to the financial condition…
- § 12163 (a) The security required by subdivision (b) of Section 12162 shall thereafter be continuously maintained by a motor club in one of the forms prescribed.…
- § 12164 (a) The commissioner may revoke or suspend the certificate of authority of a motor club whenever, after a hearing in accordance with the procedure provided in…
- § 12165 Subject to the annual fee provisions herein, every certificate of authority issued or held under this part shall be for an indefinite term and, unless sooner…
- § 12166 Notwithstanding the preceding provisions for a certificate of authority of indefinite term, each holder of a certificate of authority under this chapter shall…
- § 12167 Qualification of a motor club for a certificate of authority under this part does not require prior qualification with the Secretary of State under the…
- § 12168 Annually on or before March 1 of each year, copies of any instruments making any changes in articles of incorporation, bylaws, and membership certificate or…
- § 12169 (a) Whenever the commissioner has reasonable cause to believe that a motor club is insolvent or is transacting its business in a fraudulent manner, he may…
- § 12170 Motor clubs certificated on the effective date of this chapter shall not be required to be recertificated, but thereafter shall be subject to the provisions of…