California Insurance Code

§ 1729.2

INS § 1729.2 Effective Jan 1, 2026Div. 1 · Part 2 · Ch. 5 · Art. 12

Statute text

(a)An applicant or licensee shall notify the commissioner when any of the background information set forth in this section changes after the application has been submitted or the license has been issued. If the licensee is listed as an endorsee on any business entity license, the licensee shall also provide this notice to any officer, director, or partner listed on that business entity license.

(b)A business entity licensee, upon learning of a change in background information pertaining to any unlicensed person listed on its business entity license or application therefor, shall notify the commissioner of that change. The changes subject to this requirement include changes pertaining to any unlicensed officer, director, partner, member, or controlling person, or any other natural person named under the business entity license or in an application therefor.

(c)The following definitions apply for the purposes of this section:

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Legislative history

Amended by Stats. 2025, Ch. 558, Sec. 12. (AB 487) Effective January 1, 2026.