California Insurance Code

§ 717.1

INS § 717.1Div. 1 · Part 2 · Ch. 1 · Art. 3

Statute text

Where the applicant is a wholly owned domestic subsidiary of an admitted domestic insurer the commissioner shall issue a certificate of authority to such applicant within 180 days of application unless the commissioner shall have made a finding that the applicant is substantially deficient in respect to one or more of the items set forth in Section 717.

Legislative history

Added by Stats. 1980, Ch. 262, Sec. 1.