Cal. Code Regs. tit. 10 § 2303.17

Current through Register 2024 Notice Reg. No. 45, November 8, 2024

Section 2303.17 - Reporting of Regulatory Action

An insurer that is either licensed or accredited in this state shall provide written notice to the Department within five (5) days of receipt of notice in any form or manner that it is the subject of a regulatory order or regulatory oversight by any state in which it is licensed concerning a hazardous financial condition. Where the regulatory action is confidential, disclosure to the Department is required only if permitted by the regulator issuing the order or initiating the oversight.

Cal. Code Regs. Tit. 10, § 2303.17

1. New section filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change without regulatory effect renumbering former section 2303.17 to section 2303.16 and renumbering former section 2303.18 to new section 2303.17 filed 3-25-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 13).
3. Amendment of NOTE filed 11-27-2017; operative 1-1-2018 (Register 2017, No. 48).

Note: Authority cited: Sections 720, 730, 922.8, 1011.5 and 12921, Insurance Code; CalFarm Insurance Company v. Deukmejian, 48 Cal. 3d 805 (1989); and 20th Century Insurance Company v. Garamendi, 8 Cal. 4th 216 (1994). Reference: Sections 700, 717, 730, 733, 922.4, 923, 925, 925.2, 925.4, 1011, 1215.5(f) and 12921, Insurance Code.

1. New section filed 10-24-2006; operative 11-23-2006 (Register 2006, No. 43).
2. Change without regulatory effect renumbering former section 2303.17 to section 2303.16 and renumbering former section 2303.18 to new section 2303.17 filed 3-25-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 13).
3. Amendment of Note filed 11-27-2017; operative 1/1/2018 (Register 2017, No. 48).