California Insurance Code

§ 1215.75

INS § 1215.75 Effective Aug 17, 2015Div. 1 · Part 2 · Ch. 2 · Art. 4.7

Statute text

(a)(1) The commissioner is authorized to act as the groupwide supervisor for any internationally active insurance group in accordance with this section. However, the commissioner may otherwise acknowledge another regulatory official as the groupwide supervisor when the internationally active insurance group meets any of the following conditions:

(A)Does not have substantial insurance operations in the United States.

(B)Has substantial insurance operations in the United States, but not in this state.

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Legislative history

Added by Stats. 2015, Ch. 213, Sec. 7. (AB 553) Effective August 17, 2015.