California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 4 - Insurer Securities Permits
Article 12 - Contribution Certificates
Section 2612.03 - Application to be Made by Exchange
Universal Citation: 10 CA Code of Regs 2612.03
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
In the case of borrowing by a reciprocal or inter-insurance exchange, an application for authorization to issued and sell contribution certificates shall be made by the exchange itself, rather than by the attorney in fact. Application for the Commissioner's approval to pay outstanding contribution certificates shall likewise be made by the exchange.
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