California Insurance Code 717.1 – Where the applicant is a wholly owned domestic subsidiary of an …
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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.
(Added by Stats. 1980, Ch. 262, Sec. 1.)
Terms Used In California Insurance Code 717.1
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26