California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 1.3 - Standards for Approval of Insurer Names
Section 2278.50 - Applicability

Universal Citation: 10 CA Code of Regs 2278.50

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

(a) These regulations apply to written applications for the use of a name by any of the following:

(1) a domestic insurer ("domestic" is defined in Insurance Code Section 26);

(2) a foreign insurer ("foreign" is defined in Insurance Code Section 27);

(3) an alien insurer (as defined in Insurance Code Section 1580);

(4) a reciprocal or interinsurance exchange (as defined in Insurance Code Section 1303);

(5) a motor club (as defined in Insurance Code Section 12142);

(6) an underwritten title company (as defined in Insurance Code Section 12340.5);

(7) a home protection company (as defined in Insurance Code Section 12740);

(8) a fraternal benefit society (as defined in Insurance Code Section 10990);

(9) two or more insurers proposing to issue an underwriter's policy as to the name or title of such policy (as specified in Insurance Code Section 882);

(10) a multiple employer welfare arrangement (as defined in Insurance Code Section 742.21);

(11) an attorney-in-fact of a reciprocal or interinsurance exchange, or an agent or other representative duly authorized and acting under a power of attorney for subscribers of a reciprocal or interinsurance exchange.

(12) any other entity for which approval of a name is required by the Insurance Code, other than an entity or person subject to Insurance Code Section 1724.5.

(b) These regulations do not apply to non-admitted persons.

(c) This Article does not apply to applications for the use of a name that have been approved by the Commissioner prior to the effective date of these regulations.

1. New article 1.3 (sections 2278.50-2278.59) and section filed 10-11-2010; operative 11-10-2010 (Register 2010, No. 42).

Note: Authority cited: Sections 700, 720 and 790.10, Insurance Code; CalFarm Ins. Co. v. Deukmejian, (1989) 48 Cal.3d 805; and 20th Century Ins. Co. v. Garamendi, (1994) 8 Cal. 4th 216. Reference: Sections 742.42, 790.02, 790.03, 880, 881, 881.1, 881.2, 881.5, 882, 882.5, 883, 10970, 12162, 12389 and 12743, Insurance Code.

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