California Insurance Code

§ 1215.7

INS § 1215.7 Effective Jan 1, 2013Div. 1 · Part 2 · Ch. 2 · Art. 4.7

Statute text

(a)With respect to any insurer registered under Section 1215.4, and in accordance with subdivision (c), the commissioner shall also have the power to participate in a supervisory college for any domestic insurer that is part of an insurance holding company system with international operations in order to determine compliance by the insurer with this article. The powers of the commissioner with respect to supervisory colleges include, but are not limited to, the following:

(1)Initiating the establishment of a supervisory college.

(2)Clarifying the membership and participation of other supervisors in the supervisory college.

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Legislative history

Added by Stats. 2012, Ch. 282, Sec. 7. (SB 1448) Effective January 1, 2013.