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 2178 - Procedures to be Employed by the Commissioner in Considering Requests for Consent

(a) Within twenty-one (21) calendar days of receipt of the application, the Commissioner shall inform the applicant, in writing, that the Application is complete. Or, if the application is deficient, the applicant will be informed, in writing, that the application is deficient and what specific information is required for completion.

(b) Any Application for Written Consent that is not resubmitted to the Department within thirty (30) days of the applicant's receipt of a Notice re deficiency of the Application, shall be deemed withdrawn.

(c) The Commissioner shall, within thirty (30) calendar days of receipt of a complete Application, reach a decision whether to grant or deny a request for consent, and shall notify the applicant of the decision. If the Commissioner has decided to deny the Application, the reason(s) therefor shall be set forth in the notification of denial.

(d) The periods set forth above shall be tolled in the event the Application requires legal action by the Commissioner.

(e) The Department of Insurance's median, minimum and maximum times for processing an Application for Written Consent, from the receipt of the initial completed Application to the final license decision (excluding Applications that require legal action by the Commissioner), are as follows: