Cal. Code Regs. tit. 10 § 2601.01
The object of these regulations is to provide in a readily accessible form for the guidance and assistance of all who are subject to, practice under or administer the Insurance Securities Law the principal requirements of substance and procedure governing applications for and the granting of insurer securities permits.
It is impossible to foresee every contingency and provide a regulation in anticipation thereof. These regulations are designed to be applied to the situations most frequently arising under that portion of the Insurance Securities Law governing applications for and issuance of insurer securities permits. They shall not contravene or curtail any statute. Furthermore, the duties and discretion of the Insurance Commissioner conferred upon the Insurance Commissioner by statute in administering the Insurance Securities Law are not and cannot be exhausted by these regulations. Each application will continue to be analyzed individually and judged on its own merits, in the lawful discretion of the Commissioner, after application of the provisions of the Insurance Securities Law.
Cal. Code Regs. Tit. 10, § 2601.01