California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 5 - Stock Insurers-Corporate Affairs
Article 1 - Proxies, Consents and Authorizations of Domestic Insurers
Section 2680.1 - Application of Article

This Article is applicable to all domestic stock insurers having 100 or more stockholders; provided, however, that this Article shall not apply to any insurer if 95% or more of its stock is owned or controlled by a parent or an affiliated insurer and the remaining shares are held by less than 500 stockholders. A domestic stock insurer which files with the Securities and Exchange Commission forms of proxies, consents and authorizations complying with the requirements of the Securities Exchange Act of 1934 and the Securities Exchange Act Amendments of 1964 and Regulation X-14 of the Securities and Exchange Commission promulgated thereunder shall be exempt from the provisions of this Article.

1. New Subchapter 5 (Sections 2680.1 through 2680.7, 2680.9 through 2680.13) filed 9-20-65; effective thirtieth day thereafter (Register 65, No. 18).

Note: Authority cited: Section 1140.5, Insurance Code.