California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 4 - Insurer Securities Permits
Article 3 - Applications-in General
Section 2603.15 - Company Information-in General

The size, age and financial condition of insurers vary so greatly, and the kinds of permits applied for are so different, it is impracticable to prescribe regulations covering all situations. However, every application should allege enough facts to show the nature and extent of applicant's business, its present financial condition, whether a sale of the company, or merger, consolidation, reorganization, change of management or control or other major management or financial change is planned or pending, and whether any large acquisition, sale, or cession is contemplated in the near future. (Sects. 839, 843).