California Insurance Code ARTICLE 3 - Certificate of Authority

• Section 699.
  Except as specifically permitted by this code, a certificate of authority shall not be issued to an unincorporated insurer. This section shall not be applicable...
• Section 699.1.
  The Public Employees’ Retirement System is exempt from the provisions of this code with respect to the group life insurance program established pursuant to Article...
• Section 699.5.
  (a) The ownership or financial control, in part, direct or indirect, of any domestic, foreign, or alien insurer, by any state of the United States or...
• Section 700.
  (a) A person shall not transact any class of insurance business in this state without first being admitted for that class. Except for the State Compensation...
• Section 700.01.
  In addition to any or all of the classes of insurance which it is permitted to transact by all other applicable provisions of this code,...
• Section 700.02.
  No insurer shall be issued a certificate of authority other than a renewal certificate of authority for any of the classes set forth in Section...
• Section 700.025.
  An insurer, including a reciprocal or interinsurance exchange, admitted on January 1, 1970, to transact automobile liability insurance under class 8 and automobile insurance under...
• Section 700.03.
  Notwithstanding the requirements of Sections 700.01 and 10511 until June 30, 1955, the minimum paid-in capital required for renewal, for the same classes of insurance,...
• Section 700.04.
  Paid-in capital for life insurers is governed by Section 10510 of this code, for title insurers by Section 12359, and for mortgage guaranty insurers by...
• Section 700.05.
  (a) In determining the minimum amount of paid-in capital and surplus required by the applicable provisions of this code for admission of an insurer, there shall...
• Section 701.
  Subject to the annual fee provisions of Section 705, every certificate of authority shall be for an indefinite term and shall expire with the expiration...
• Section 702.
  (a) An insurer that maintains a certificate of authority to transact insurance in this state, advertises insurance on the Internet, and transacts insurance in this state,...
• Section 703.
  Except when performed by a surplus line broker, the following acts are misdemeanors when done in this state:(a) Acting as agent for a nonadmitted insurer in...
• Section 703.1.
  (a) Any nonadmitted insurer that is an eligible surplus line insurer pursuant to Section 1765.1 may advertise in all media, provided that all of the following...
• Section 703.5.
  Any person, including, but not limited to, persons licensed or certificated under this code or exempted from regulation under this code, who as a part...
• Section 704.
  The commissioner may suspend the certificate of authority of an insurer for not exceeding one year whenever he finds, after proper hearing following notice, that...
• Section 704.5.
  The commissioner may decline to grant or may suspend or revoke a certificate of authority of any holder of such certificate authorized to be certificated...
• Section 704.7.
  The commissioner, in any proceeding under Section 704 for any of the violations specified in that section, may, by an alternative order, permit the holder...
• Section 705.
  The commissioner shall require the payment of one hundred thirty-six dollars ($136), in advance, as a fee for filing an application for each amendment of...
• Section 705.1.
  The commissioner shall require the payment of four thousand two hundred thirty-three dollars ($4,233), in advance, as a fee for filing an application and all...
• Section 706.
  Prior to admission each insurer shall file with the commissioner a certified copy of its last annual statement or a verified financial statement exhibiting its...
• Section 706.5.
  The commissioner, in addition to any other proper ground for denying a certificate of authority to a nonadmitted insurer, may deny such certificate whenever, in...
• Section 706.7.
  As used in this section, the term “reciprocal state” means a state the laws of which prohibit an insurer domiciled therein from insuring the lives...
• Section 707.
  A domestic insurer shall, prior to admission, file with the commissioner a copy of its articles of incorporation and certificate of any increase or diminution...
• Section 708.
  A foreign insurer shall, prior to admission, file with the commissioner the following:(a) If organized in a jurisdiction which requires articles to be filed, a copy...
• Section 709.
  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...
• Section 709.5.
  (a) Any insurer that is organized under the laws of any other state and is admitted to do business in this state for the purpose of...
• Section 710.
  If there are any written articles of agreement or association, a copy thereof shall accompany such certificates.(Enacted by Stats. 1935, Ch. 145.)
• Section 711.
  An insurer organized out of the United States shall also file such certificate and articles, but the certificate need not contain the names of any...
• Section 713.
  (b) Upon request, a foreign or alien insurer shall file any change proved by certificates of custodian of the original, or by affidavit.(Amended by Stats. 2011,...
• Section 714.
  The commissioner shall require the payment of seventy-two dollars ($72), in advance, as a fee for filing papers required under Section 713, on account of...
• Section 715.
  The commissioner shall have no authority to issue a certificate of authority, other than a renewal certificate of authority, to any domestic insurer, whether organized...
• Section 716.
  No certificate of authority shall be granted to a foreign or alien applicant that has not actively transacted for three years the classes of insurance...
• Section 717.
  Before granting a certificate of authority or amended certificate of authority to any applicant, the commissioner shall consider the qualifications of said applicant in respect...
• Section 717.1.
  Where the applicant is a wholly owned domestic subsidiary of an admitted domestic insurer the commissioner shall issue a certificate of authority to such applicant...
• Section 717.2.
  (a) On and after January 1, 2007, for purposes of Section 717, the commissioner shall consider, with respect to any application for a certificate of authority...
• Section 717.5.
  (a) For purposes of Sections 700 and 717, the commissioner may determine that an insurer admitted and domiciled in this state, or an insurer applying to...
• Section 718.
  If upon due investigation the commissioner shall find that any applicant for a certificate of authority, or amended certificate of authority, will not conduct its...
• Section 720.
  The commissioner may after notice and hearing promulgate such reasonable rules and regulations, and amendments and additions thereto, as are necessary or convenient to carry...
• Section 721.
  As used in Sections 704.5, 716, 717 and 718, the term “applicant” includes the attorney-in-fact of a reciprocal or interinsurance exchange. Wherever reference therein is...
• Section 725.
  Any person otherwise qualified may be a director of two or more insurers, but no such interlocking directorate shall be used as a means of...
• Section 726.
  The commissioner shall notify the Secretary of State of any refusal to issue a certificate of authority to transact insurance to an applicant therefor.(Added by...
• Section 728.
  (a) For the purposes of this section, the following definitions are applicable:(1) “Subject person” means any director, officer, or employee or other natural person who participates in...

Last modified: October 22, 2018