California Insurance Code ARTICLE 2 - Registration of Life Policies

• Section 10450.
  Any insurer transacting life insurance in this State on September 30, 1939, may register its policies with the commissioner in the manner and subject to...
• Section 10450.5.
  An insurer which is not registering its policies pursuant to the provisions of this article on September 30, 1939, shall not thereafter be permitted to...
• Section 10450.6.
  Any insurer registering its policies pursuant to this article on June 30, 1939, which fails prior to September 1, 1941, to file with the commissioner...
• Section 10451.
  When an insurer elects to register any of its policies, it shall register every policy thereafter issued by it until it discontinues registration.(Enacted by Stats....
• Section 10452.
  Such registration shall in each case show the name and age of the insured, number and date of the policy and the kind and amount...
• Section 10454.
  An insurer registering policies shall maintain a special deposit of securities with the commissioner for the benefit of such registered policies. Such securities shall be...
• Section 10455.
  The commissioner shall give his receipt for the securities and the State shall be responsible for the custody and safe return of any securities so...
• Section 10456.
  Such deposit shall be maintained in an amount equal to the full net value of all policies registered up to the time of making the...
• Section 10457.
  Upon receipt of such securities, the commissioner shall immediately deposit them in the State Treasury in accordance with the provisions of Sections 940 to 946,...
• Section 10458.
  Such insurer may at any time withdraw any excess of such securities above the required amount upon satisfying the commissioner by written proof that such...
• Section 10459.
  If such insurer owns the building in which it has its principal office and the land upon which it stands, or if it owns other...
• Section 10460.
  Such mortgage may be deposited in the State treasury as part of the securities required by this article. Such mortgage is withdrawable in like manner...
• Section 10461.
  The commissioner may release any such mortgage or may foreclose it in case such foreclosure becomes necessary.(Enacted by Stats. 1935, Ch. 145.)
• Section 10462.
  Should any insurer thus registering policies become insolvent, the commissioner may reinsure all or any part of such registered policies, using the securities thus deposited...
• Section 10463.
  The commissioner shall require in advance, in lawful money of the United States, as a fee for registering each policy as provided by this article,...

Last modified: October 22, 2018