Ins. Code, § 11751.2 · Article 3. Rating and Other Organizations
Ins. Code, § 11751.2
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The commissioner shall examine each application for license to act as a rating organization and the documents filed therewith and may make any further investigation of the applicant, its affairs and its proposed plan of business, as he deems desirable.
The commissioner shall issue the license applied for within 60 days of its filing with him if from such examination and investigation he is satisfied that:
a. The business reputation of the applicant and its officers is good.
b. The facilities of the applicant are adequate to enable it to furnish the services it proposes to furnish.
c. The applicant and its proposed plan of operation conform to the requirements of this chapter.
Otherwise, but only after hearing upon notice, the commissioner shall in writing deny the application and notify the applicant of his decision and his reasons therefor.
Licenses issued pursuant to this section shall remain in effect until suspended or revoked.
Notes and commentary — not statutory text
History
Added by Stats. 1951, Ch. 1123.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11751.2.
- Text hash
- sha256 48fa3fb6704b8d4b57395e962df7eb2793c9055b90b82038fa7744505ba97c38
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.