California Statutes
§ 1656.1. — 1656.1. (Amended by Stats. 2021, Ch. 627, Sec. 5.)
California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 5. CHAPTER 5. Production Agencies·Art. 4. ARTICLE 4. Applications
(a)Every application for a license filed by a corporation shall contain the names and addresses of all stockholders owning 10 percent or more of the corporation’s stock and of all officers and directors of the corporation.
(b)Every such licensed corporation shall file a written notice with the commissioner of all changes, except address changes, of its stockholders who own 10 percent or more of the corporation’s stock and of all officers and directors of the corporation. Notification to the commissioner shall be sent within 30 days of the date that the licensed corporation learns of a change of its stockholders who own 10 percent or more of the
corporation’s stock and of all officers and directors of the corporation.
(c)The commissioner may require the application or notice or bot
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California § 1656.1. (1656.1. (Amended by Stats. 2021, Ch. 627, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2021, Ch. 627, Sec. 5. (AB 1511) Effective January 1, 2022.