California Insurance Code ARTICLE 4.7 - Insurance Holding Company System Regulatory Act

• Section 1215.
  As used in this article, the following terms shall have the respective meanings hereafter set forth, unless the context shall otherwise require:(a) An “affiliate” of, or...
• Section 1215.1.
  (a) Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries subject to the...
• Section 1215.2.
  (a) A person shall not make a tender offer for, or a request or invitation for tenders of, or enter into an agreement to exchange securities...
• Section 1215.3.
  The following shall be violations of this article:(a) The failure to file the statement required under subdivision (a) of Section 1215.2.(b) Effectuation or any attempt to effectuate...
• Section 1215.4.
  (a) Every insurer that is authorized to do business in this state and that is a member of an insurance holding company system shall register with...
• Section 1215.5.
  (a) Transactions by registered insurers with their affiliates are subject to the following standards:(1) The terms shall be fair and reasonable and consistent with the current version...
• Section 1215.6.
  (a) Subject to the limitation contained in this section, and in addition to the powers which the commissioner has under Article 4 (commencing with Section 730)...
• Section 1215.7.
  (a) With respect to any insurer registered under Section 1215.4, and in accordance with subdivision (c), the commissioner shall also have the power to participate in...
• Section 1215.75.
  (a) (1) The commissioner is authorized to act as the groupwide supervisor for any internationally active insurance group in accordance with this section. However, the commissioner may...
• Section 1215.8.
  (a) All information, documents, and copies thereof obtained by or disclosed to the commissioner or any other person in the course of an examination or investigation...
• Section 1215.9.
  The commissioner may, upon notice and opportunity for all interested persons to be heard, issue such rules, regulations, and orders as shall be necessary to...
• Section 1215.10.a.
  (a) Whenever it appears to the commissioner that any insurer or any director, officer, employee, or agent thereof has committed or is about to commit a...
• Section 1215.11.
  (a) Any insurer that fails to file a statement, report, or request for approval required by this article in a timely manner shall be subject to...
• Section 1215.12.
  Whenever it appears to the commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic...
• Section 1215.13.
  Whenever it appears to the commissioner that any person has committed a violation of this article which makes the continued operation of an insurer contrary...
• Section 1215.14.
  (a) For the purposes of this article only, every foreign insurer, except an insurer described in Article 2 (commencing with Section 12350) of Chapter 1 of...
• Section 1215.15.
  (a) The provisions of this article shall not apply to any party or entity participating in any investment by a home protection company in its subsidiary...
• Section 1215.16.
  All laws and parts of laws of this state inconsistent with this article are hereby superseded with respect to matters covered by this article.(Added by...
• Section 1215.17.
  If any provision of this article or the application thereof to any person or circumstance is held invalid, the invalidity shall not affect other provisions...
• Section 1215.18.
  (a) If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under that order shall have a right to...

Last modified: October 22, 2018