Every applicant for an organizational license shall provide the names of all licensed natural persons who may exercise the power and perform the duties under the license. Applicants for a nonresident organizational license are required to name at least one natural person from a state other than California who may exercise the power and perform the duties under their license. Additional natural persons endorsed to that license may be residents of other states, including California.
Cal. Ins. Code § 1656
Applications
Applied in 1 court decision — leading case 131 Cal. App. 2d 416 - Snyder v. Redding Motors (1955)
Most recently applied in 131 Cal. App. 2d 416 - Snyder v. Redding Motors (March 1955)
Amended by Stats. 2017, Ch. 417, Sec. 12
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.