California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1 - Production of Insurance
Article 11 - Portable Electronics Insurance Agent Licensing Regulations
Section 2194.1 - Definitions

Universal Citation: 10 CA Code of Regs 2194.1

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

As used in these regulations and in Article 16.1 (commencing with Section 1758.6) of the Insurance Code:

(a) "Insurer" means an insurance company holding a California certificate of authority.

(b) "Franchise" and its derivatives are as defined in the California Corporations Code, Title 4, Division 5, Part 1 (commencing with Section 31005).

(c) "Organization" means any legal entity other than a natural person. Where reference is made to a natural person named on an organization license, the reference shall be to a person who is named to exercise the power and perform the duties under an organization license. The natural person named on the organizational license shall meet the qualifications required for the type of license sought by the organization.

1. New section filed 7-11-2003 as an emergency; operative 7-11-2003 (Register 2003, No. 28). A Certificate of Compliance must be transmitted to OAL by 11-10-2003 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 11-7-2003 as an emergency; operative 11-10-2003 (Register 2003, No. 45). A Certificate of Compliance must be transmitted to OAL by 3-9-2004 or emergency language will be repealed by operation of law on the following day.
3. New section refiled 3-8-2004 as an emergency; operative 3-9-2004 (Register 2004, No. 11). A Certificate of Compliance must be transmitted to OAL by 7-7-2004 or emergency language will be repealed by operation of law on the following day.
4. New section refiled 7-7-2004 as an emergency; operative 7-7-2004 (Register 2004, No. 28). A Certificate of Compliance must be transmitted to OAL by 11-4-2004 or emergency language will be repealed by operation of law on the following day.
5. Certificate of Compliance as to 7-7-2004 order transmitted to OAL 11-2-2004 and filed 12-17-2004 (Register 2004, No. 51).

Note: Authority cited: Sections 1758.6 and 1758.693, Insurance Code. Reference: Sections 1628 and 1758.68, Insurance Code.

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