The Commissioner will accept a combination consisting of a letter of credit filed with him and a deposit of securities to meet the statutory deposit requirements set forth and referenced in California Insurance Code Section 11691. If such combination is used, a separate fee for review must be paid for the deposit and the letter of credit.

Note: Authority cited: Section 11691, Insurance Code. Reference: Section 11691, Insurance Code.

History

1. Change without regulatory effect amending section and Note filed 4-28-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 18).