2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
ARTICLE 3. Rating and Other Organizations
Section 11751.2
The commissioner shall examine each application for license to act as a rating organization and the documents filed therewith and may make any further investigation of the applicant, its affairs and its proposed plan of business, as he deems desirable.
The commissioner shall issue the license applied for within 60 days of its filing with him if from such examination and investigation he is satisfied that:
a. The business reputation of the applicant and its officers is good.
b. The facilities of the applicant are adequate to enable it to furnish the services it proposes to furnish.
c. The applicant and its proposed plan of operation conform to the requirements of this chapter.
Otherwise, but only after hearing upon notice, the commissioner shall in writing deny the application and notify the applicant of his decision and his reasons therefor.
Licenses issued pursuant to this section shall remain in effect until suspended or revoked.
(Added by Stats. 1951, Ch. 1123.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
