Cal. Code Regs. tit. 10, § 2609.05
C. The par value of the shares represented thereby if applicant is subject to Section 690 of the Insurance Code; otherwise, the par value, if any, of the shares represented thereby, or a statement that the shares are without par value.
Note: Underwritten title companies, attorneys in fact of reciprocal insurers, and exclusive managers of domestic insurers are not subject to said Section 690. (Sec. 690 and Corporations Code Sec. 2401)
Every form of certificate for shares submitted for authorization shall make provision for stating all of the following: