In the event that the Commissioner determines that an insurer or depository has not fully complied with this Article, to the extent applicable to such insurer or depository, the Commissioner may withdraw any authorization granted and order such insurer to transfer all of its deposit to the Commissioner or other depository designated by the Commissioner.

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

History

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