California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 10 - Banks
Article 6 - California State Offices of Foreign (Other Nation) Banks
Subarticle 3 - Agencies and Branch Offices
Part 2 - Establishment of Agency or Branch Office
Subpart 4 - Post-Approval Matters
Section 10.14182 - Bond and Other Insurance Policies
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Except as otherwise provided in Section 10.14176 of this Chapter, not less than five business days before the license for a subject office is to be issued, the applicant shall:
(a) Obtain a banker's blanket bond which is applicable to the subject office and satisfactory in form and content to the Commissioner and file with the Commissioner a report containing (1) a copy of such bond and (2) a letter addressed to the Commissioner signed by the insurer named in the bond or by an agent of such insurer, confirming that such copy is a true and correct copy of the bond and that the bond is currently in force with respect to the subject office.
(b) Obtain such other insurance policies as may be appropriate and necessary for the subject office and file with the Commissioner a report containing:
1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
Note: Authority cited: Section 215, Financial Code. Reference: Sections 1705 and 1753, Financial Code.
