1. (a) “Authorized insurer” means any admitted insurer holding a California Certificate of Authority that includes the kinds of insurance enumerated in Section 1758.75 of the Insurance Code.
2. (b) “Franchise” and its derivatives are as defined in the California Corporations Code, Title 4, Division 5, Part 1 (commencing with Section 31005).
3. (c) “Organization” means any legal entity other than a natural person. Where reference is made to a natural person named on an organization license, the reference shall be to a person who is named to exercise the power and perform the duties under an organization license.

As used in these regulations and in Article 16.3 (commencing with Section 1758.7) of the Insurance Code:

Note: Authority cited: Sections 1758.7 and 1758.792, Insurance Code. Reference: Sections 1628 and 1758.7, Insurance Code.

History

1. New section filed 6-30-2006 as an emergency; operative 6-30-2006 (Register 2006, No. 26). A Certificate of Compliance must be transmitted to OAL by 10-30-2006 or emergency language will be repealed by operation of law on the following day.

2. Certificate of Compliance as to 6-30-2006 order transmitted to OAL 8-31-2006 and filed 10-16-2006 (Register 2006, No. 42).