California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 11.2 - Separate Account or Accounts-Modified Guaranteed Annuities
Section 2534.24 - Application of Foreign Insurer

Universal Citation: 10 CA Code of Regs 2534.24
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

The application of a foreign insurer, including a Canadian insurer, shall include all of the matters required of a domestic insurer, except those specified in Paragraph (a) of Section 2534.23 hereof. The Commissioner shall give due regard to the regulatory activities of the applicant's domiciliary state in passing upon the qualifications of such foreign insurer to transact a modified guaranteed annuity business in California. If the Commissioner requires, a foreign insurer shall furnish a copy of the statutes and regulations of its domiciliary state under which it is authorized to transact a modified guaranteed annuity business and which regulate such transaction.

1. New section filed 2-6-92; operative 3-9-92 (Register 92, No. 13).

Note: Authority cited: Sections 10506(h) and 10506.3(a), Insurance Code. Reference: Sections 10506, 10506(h) and 10506.3(a), Insurance Code.

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