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2022 California Code
Insurance Code - INS
DIVISION 1 - GENERAL RULES GOVERNING INSURANCE
PART 2 - THE BUSINESS OF INSURANCE
CHAPTER 5 - Production Agencies
ARTICLE 4 - Applications
Section 1656.
Universal Citation:
CA Ins Code § 1656 (2022)
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1656. Every applicant for an organizational license shall provide the names of all licensed natural persons who may exercise the power and perform the duties under the license. Applicants for a nonresident organizational license are required to name at least one natural person from a state other than California who may exercise the power and perform the duties under their license. Additional natural persons endorsed to that license may be residents of other states, including California.
(Amended by Stats. 2017, Ch. 417, Sec. 12. (AB 1696) Effective January 1, 2018.)
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