California Insurance Code

§ 1628

INS § 1628 Effective Jan 1, 2018Div. 1 · Part 2 · Ch. 5 · Art. 2

Statute text

As used in this chapter, an “organization” means any legal entity other than a natural person. If reference is made to a natural person named on an organization license, the reference shall be to a person who is named to exercise the power and perform the duties under an organization license, pursuant to Section 1656. The natural person named on the organizational license shall meet the qualifications required for the type of license sought by the organization.

Legislative history

Amended by Stats. 2017, Ch. 417, Sec. 11. (AB 1696) Effective January 1, 2018.