California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 12.9 - Life Settlements
Section 2548.4 - Grandfathered Viatical Settlement Providers
Any natural person or business entity licensed to act as a viatical settlement provider as of December 31, 2009, that was issued by the Commissioner a provider's license effective July 1, 2010, is subject to the renewal requirements for such license as if the person or entity were originally licensed as a life settlement provider.
1. New section
filed 12-22-2006; operative 1-21-2007 (Register 2006, No. 51).
2.
Repealer and new section filed 7-29-2010 as an emergency; operative 7-29-2010.
Emergency regulation shall remain in effect, not to be repealed by the Office of
Administrative Law, unless repealed by the Department of Insurance pursuant to
Insurance Code section
10113.35
(Register 2010, No. 31).
3. Change without regulatory effect amending
NOTE filed 1-24-2012 pursuant to section
100, title 1, California Code of
Regulations (Register 2012, No. 4).
4. Amendment of section heading and
section filed 11-25-2014; operative 1-1-2015 (Register 2014, No.
48).
Note: Authority cited: Section 10113.35, Insurance Code; CalFarm Ins. Co. v. Deukmejian, 48 Cal.3d 805 (1989); 20th Century Ins. Co. v. Garamendi, 8 Cal.4th 216 (1994). Reference: Section 10113.2, Insurance Code.
