California Insurance Code

§ 11401

INS § 11401 Effective Jan 1, 2025Div. 2 · Part 2 · Ch. 10A

Statute text

(a)An association shall not operate or do business in this state without a certificate of authority. The commissioner shall issue a certificate of authority to any association unless the commissioner determines, after examination, that it does not comply with the provisions of this chapter. The filing fee for the application for the certificate of authority shall be one thousand four hundred ten dollars ($1,410).

(b)An association shall renew its certificate of authority within 30 days after a change in name or address or before a merger.

(c)(1) The commissioner may revoke the certificate of authority for an association that failed to renew its certificate of authority in compliance with subdivision (b), after giving reasonable written notice mailed to the last address of the association registered with the department.

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Legislative history

Amended by Stats. 2024, Ch. 444, Sec. 6. (SB 577) Effective January 1, 2025.