California Insurance Code 12640.095 – A mortgage guaranty insurer transacting the class of insurance …
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A mortgage guaranty insurer transacting the class of insurance defined in paragraph (2) of subdivision (a) of Section 12640.02 may reinsure with either the type of reinsurer defined in subdivision (d) of Section 12640.09, or, any other insurer which has received written permission from the commissioner to write the type of insurance defined in paragraph (2) of subdivision (a) of Section 12640.02.
(Added by Stats. 1982, Ch. 1084, Sec. 4.)
Terms Used In California Insurance Code 12640.095
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20