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California Code, Insurance Code - INS § 709

Current as of January 01, 2023 | Updated by FindLaw Staff

If the insurer is organized in any other State, it shall, prior to admission, file with the commissioner a certificate setting forth:

(a) The nature and character of its business.

(b) The location of its principal office.

(c) The names of the following parties:

(1) If the insurer is not incorporated, and there are more than ten owners of interests therein, the names of the ten persons who own the largest interests; if there are ten or less such owners, the names of all such owners.

(2) If the insurer is incorporated, the names of all officers and persons by whom the business is managed.

(d) The amount of actual capital to be employed therein.

The certificate must be verified by the affidavit of the chief officer, secretary, agent, or manager of the company.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 709 - last updated January 01, 2023 | https://codes.findlaw.com/ca/insurance-code/ins-sect-709/

Read this complete California Code, Insurance Code - INS § 709 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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