California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1 - Production of Insurance
Article 4.5 - Procedures Governing Persons Subject to Title 18 United States Code Section 1033
Section 2176.4 - Subsequent Convictions of Prohibited Persons Previously Granted Written Consent

Any Prohibited Person given a Written Consent to participate in the business of insurance shall immediately notify the Department if the Prohibited Person is subsequently convicted of an offense under 18 U.S.C. § 1033, or any felony offense involving dishonesty or breach of trust making them once again subject to the provisions of 18 U.S.C. § 1033 and these regulations. The consent previously issued is terminated automatically upon arrest or conviction for the subsequent offense. Immediately upon notification that consent has been terminated, the Prohibited Person must return the original Written Consent and all copies to the Department.

1. New section filed 3-10-2003; operative 4-9-2003 (Register 2003, No. 11).

Note: Authority cited: Sections 1723 and 1742.2, Insurance Code. Reference: Sections 1065.3, 1669 and 1742.2, Insurance Code.