ARTICLE 10. Financial Statements of Insurers
Article 10 enacted by Stats. 1935, Ch. 145.
§§ 900–925.4 · 35 sections
- § 900 (a) On or before the first day of March of each year every insurer doing business in this state shall make and file with the commissioner, in the number, form,…
- § 900.2 (a) All insurers doing business in this state shall have an annual audit by an independent certified public accountant. The audit, including required auditor…
- § 900.3 (a) An insurer or group of insurers doing business in this state shall establish an internal audit function to provide independent, objective, and reasonable…
- § 900.5 The commissioner shall charge and collect four hundred twenty dollars ($420) in advance as a fee for the first filing each year of a statement under this…
- § 900.8 The commissioner may decline to grant or renew or may suspend or revoke a certificate of authority of an insurer that knowingly files with the department a…
- § 900.9 Any officer, director, employee or agent of any insurer, who wilfully signs or files a false or untrue report or statement of the business, affairs, or…
- § 902 Insurers engaged in the business of compensation insurance shall, at such intervals as may be prescribed by the commissioner, file statements supplemental to…
- § 903 The commissioner shall require statements and reports to be verified as follows: (a) If made by a domestic corporation, by the oaths of any two of the…
- § 903.5 In any case where an insurer is required by law to file with the commissioner statements or reports respecting its financial condition, income or…
- § 904 In addition to the annual statement required to be filed pursuant to Section 900, each admitted insurer shall file an authorization for disclosure to the…
- § 922 The guarantee by the Small Business Administrator that a surety shall not suffer loss as set forth in the Small Business Investment Act of 1958, as amended,…
- § 922.1 The Legislature declares its intent that: (a) In some instances, it is appropriate for the protection of insureds, insurers, and the public generally, that…
- § 922.2 (a) Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a deduction from liability in accordance with Sections 922.4 and…
- § 922.3 Notwithstanding any other provision of law, credit for reinsurance, as either an asset or a deduction, shall not be allowed in any accounting or financial…
- § 922.31 (a) A ceding insurer shall take steps to manage its reinsurance recoverables proportionate to its own book of business. A domestic ceding insurer shall notify…
- § 922.4 Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a deduction from liability on account of reinsurance ceded only when…
- § 922.41 (a) Credit shall be allowed a domestic insurer when the reinsurance is ceded to an assuming insurer that has been certified by the commissioner as a reinsurer…
- § 922.42 (a) If an accredited or certified reinsurer ceases to meet the requirements for accreditation or certification, the commissioner may suspend or revoke the…
- § 922.425 (a) Credit shall be allowed a domestic insurer when the reinsurance is ceded to an assuming insurer that meets all of the following requirements: (1) The…
- § 922.43 The actual costs and expenses incurred by the department in reviewing requests for accreditation or certification, trusts, or review of an assuming insurer…
- § 922.5 (a) An asset or a deduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of Section 922.4…
- § 922.6 Credit for reinsurance shall not be denied a foreign ceding insurer to the extent that credit is recognized by the ceding insurer’s domestic state regulator,…
- § 922.7 (a) For purposes of subdivision (b) of Section 922.5, a “qualified United States financial institution” means an institution that complies with all of the…
- § 922.8 (a) The commissioner, after notice, comment period, and a hearing if requested by more than 10 affected insurers, may issue a bulletin setting forth reasonable…
- § 922.85 (a) The commissioner may adopt regulations in accordance with the procedures provided in Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of…
- § 922.9 Sections 922.4 and 922.5 shall apply to all cessions on and after January 1, 1997, under reinsurance contracts that have had an inception, anniversary, or…
- § 923 The commissioner shall require every insurer which is required to file an annual or quarterly statement to use the statement blanks and instructions thereto…
- § 923.5 Each insurer transacting business in this state shall at all times maintain reserves in an amount estimated in the aggregate to provide for the payment of all…
- § 923.6 (a) Every admitted property and casualty insurer, unless otherwise exempted by the domiciliary commissioner, shall annually submit the opinion of an Appointed…
- § 924 The commissioner shall collect a late filing fee of seven hundred five dollars ($705) from any admitted insurer that fails to make and file in the…
- § 925 Upon request of the commissioner, and at intervals as prescribed by him or her, any insurer that appears to the commissioner to require immediate regulatory…
- § 925.1 (a) All supplemental information, work papers and other relevant documents of the independent certified public accountant, or independent actuary, or other…
- § 925.2 The commissioner may prescribe the subject matter and form of reporting supplemental information and the subject matter of opinions.
- § 925.3 All supplemental information provided or made available to the commissioner pursuant to Sections 925 to 925.2, inclusive, including work papers and other…
- § 925.4 Nothing contained herein shall be deemed in any manner to limit, restrict or abridge the powers of the commissioner to examine insurers, to inquire into their…