The application of a foreign insurer, including a Canadian insurer, shall include all of the matters required of a domestic insurer, except those specified in Paragraph (a) of Section 2534.23 hereof. The Commissioner shall give due regard to the regulatory activities of the applicant's domiciliary state in passing upon the qualifications of such foreign insurer to transact a modified guaranteed annuity business in California. If the Commissioner requires, a foreign insurer shall furnish a copy of the statutes and regulations of its domiciliary state under which it is authorized to transact a modified guaranteed annuity business and which regulate such transaction.
Cal. Code Regs. Tit. 10, § 2534.24
Note: Authority cited: Sections 10506(h) and 10506.3(a), Insurance Code. Reference: Sections 10506, 10506(h) and 10506.3(a), Insurance Code.