Cal. Fin. Code § 18303

Current through the 2024 Legislative Session.

Section 18303 - Approval of request

The commissioner shall approve the request made pursuant to Section 18302 within 30 days after filing unless the commissioner has ascertained that the company has failed to show either of the following:

(a) That the proposed plan of business has a reasonable promise of a successful operation.

(b) That the company has a person with the necessary business qualifications, experience, or ability to direct and manage the operations of the plan of business.

Ca. Fin. Code § 18303

Added by Stats. 1989, Ch. 889, Sec. 6.