California Insurance Code

§ 1216.1

INS § 1216.1 Effective Jan 1, 2015Div. 1 · Part 2 · Ch. 2 · Art. 4.8

Statute text

As used in this article, the following terms have the following meanings:

(a)“Accredited state” means a state in which the insurance department or regulatory agency having jurisdiction over the business of insurance has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program.

(b)“Control” or “controlled” has the meaning ascribed in Section 1215.

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Legislative history

Amended by Stats. 2014, Ch. 71, Sec. 99. (SB 1304) Effective January 1, 2015.