California Code of Regulations (Last Updated: August 6, 2014) |
Title 10. Investment |
Chapter 5. Insurance Commissioner |
Subchapter 4. Insurer Securities Permits |
Article 4. Preorganization, Subscription and Negotiating Permits |
§ 2604.05. Application Not to be Ambiguous.
Latest version.
- An application of the type described in the sections immediately preceding and following this section shall be for a negotiating permit or for a definitive permit but not for both unless the appropriate filing fee for a definitive permit is paid. If it requests two permits, a negotiating and a definitive permit, then the appropriate filing fees for both shall be paid when the application is filed. If it cannot be told from the application itself what kind of a permit is wanted, no permit will issue. The Commissioner will endeavor to reject ambiguous applications in advance of filing. (Section 843)