California Code of Regulations (Last Updated: August 6, 2014) |
Title 10. Investment |
Chapter 5. Insurance Commissioner |
Subchapter 3. Insurers |
Article 10. Mortgage Guaranty Insurers |
§ 2510.21. Affiliated Mortgage Guaranty Insurers.
Latest version.
- A ceding insurer shall not reinsure any pooled mortgage loans under a pool insurance policy with an affiliated company. A mortgage guaranty insurer shall not participate in any reinsurance contract under pooled mortgage loans, directly or indirectly, with an affiliated insurance company.HISTORY1. New section filed 8-23-78; effective thirtieth day thereafter (Register 78, No. 34).