Written consent of the Commissioner shall be obtained before any operating losses may be charged to the regular reserve under Section 14701 of the Financial Code.

Note: Authority cited: Section 14201, Financial Code. Reference: Section 14701, Financial Code.

History

1. Change without regulatory effect renumbering former section 938 to new section 30.403 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

2. Amendment of section heading, section and Note filed 2-27-2003; operative 3-29-2003 (Register 2003, No. 9).