California Insurance Code ARTICLE 10 - Financial Statements of Insurers
- Section 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,...
- Section 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 and management...
- Section 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...
- Section 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...
- Section 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,...
- Section 902.
Insurers engaged in the business of compensation insurance shall, at such intervals as may be prescribed by the commissioner, file statements supplemental to such annual...
- Section 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...
- Section 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 disbursements,...
- Section 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...
- Section 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,...
- Section 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 assuming insurers be...
- Section 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...
- Section 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...
- Section 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 the...
- Section 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...
- Section 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...
- Section 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 reinsurer’s accreditation or...
- Section 922.43.
The actual costs and expenses incurred by the department in reviewing requests for accreditation or certification, trusts, and subsequent amendments established or maintained pursuant to...
- Section 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...
- Section 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,...
- Section 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 following:(1) Is organized...
- Section 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 requirements...
- Section 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...
- Section 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...
- Section 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 for...
- Section 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...
- Section 923.6.
(a) Every admitted property and casualty insurer, unless otherwise exempted by the domiciliary commissioner, shall annually submit the opinion of an Appointed Actuary entitled “Statement of...
- Section 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...
- Section 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...
- Section 925.1.
(a) All supplemental information, work papers and other relevant documents of the independent certified public accountant, or independent actuary, or other independent professional financial person and...
- Section 925.2.
The commissioner may prescribe the subject matter and form of reporting supplemental information and the subject matter of opinions.(Added by Stats. 1986, Ch. 1328, Sec.
- Section 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 relevant documents of...
- Section 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...
Last modified: October 22, 2018