California Insurance Code

§ 1185

INS § 1185 Effective Jan 1, 1995Div. 1 · Part 2 · Ch. 2 · Art. 3.5

Statute text

(a)Every domestic incorporated insurer shall file a report with the commissioner disclosing material acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements unless the acquisitions and dispositions of assets or material nonrenewals, cancellations, or revisions of ceded reinsurance agreements have been submitted to the commissioner for review, approval, or information purposes pursuant to other provisions of this code, laws, regulations, or other requirements.

(b)The report shall be filed within 15 days after the end of the calendar month in which any of the foregoing transactions occur.

(c)One complete copy of the report, including any exhibits or other attachments filed as part thereof, shall be filed with the department and the National Association of Insurance Commissioners.

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Legislative history

Added by Stats. 1994, Ch. 662, Sec. 1. Effective January 1, 1995.