California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 5 - Stock Insurers-Corporate Affairs
Article 3 - Insurance Holding Company Systems-Reporting and Disclosure Forms
Section 2683.20 - Disclaimers

Universal Citation: 10 CA Code of Regs 2683.20

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) Any person filing a disclaimer as permitted by Insurance Code Section 1215.4 (i) may use either Form D or Form DD to the extent that the form selected accommodates recitation of the facts by virtue of which affiliation with any authorized (admitted) insurer is disclaimed. In the event neither form is reasonably appropriate, the person wishing to disclaim affiliation may file a written disclaimer duly executed by its (or the person's) executive officer in any other form that supplies the information required in such instance by said Section 1215.4 (i).

(b) In the event several persons of a holding company system wish to disclaim affiliation with another person or persons, a single disclaimer may be filed for the several disclaiming persons under the following circumstances:

(1) The persons with whom relationship is disclaimed are identical in the case of every person on whose behalf the disclaimer is filed; and

(2) The facts on which disclaimer is based are substantially identical with respect to each such disclaiming person; and

(3) The disclaimer is executed by an executive officer of the ultimate controlling person or of an admitted insurer, which officer knows the facts of the officer's own knowledge.

1. Change without regulatory effect amending subsections (a)-(b) and (b)(3) filed 7-14-2021 pursuant to section 100, title 1, California Code of Regulations (Register 2021, No. 29). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20.

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