California Code, Public Utilities Code - PUC § 24301

The report, the form of which shall be prescribed by the department, shall include information to enable the department to determine whether the requirements for the deposit of security under Article 2 (commencing with Section 24325) are inapplicable by reason of existence of insurance or other exceptions specified in this part.  The department may rely upon the accuracy of the information until it has reason to believe that the information is erroneous.