§ 2691.2. Disclosure of Ten Percent Ownership Interest.  


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  • Every application for a license shall disclose, in addition to those matters required by statute, the full name and residence address of each person who directly or indirectly owns, controls, holds with power to vote, or holds proxies representing, ten percent or more of the voting securities of the licensee.

Note

Note: Authority cited: Section 14013, 14023, 14024 (h) and14025 (d), Insurance Code. Reference: Sections 14029 (b)(2) and 14039 (a) and (c), Insurance Code.