The commissioner may suspend, revoke, or refuse to renew the certificate of authority of any insurer failing to file its annual or quarterly statement with the National Association of Insurance Commissioners when due or within any extension of time which the commissioner, for good cause, may grant.
Cal. Ins. Code § 934
National Association of Insurance Commissioners
Applied in 1 court decision — leading case 465 F. Supp. 2d 993 - International Marble & Granite of Colorado, Inc. v. Congress Financial Corp. (2006)
Most recently applied in 465 F. Supp. 2d 993 - International Marble & Granite of Colorado, Inc. v. Congress Financial Corp. (July 2006)
Amended by Stats. 2004, Ch. 599, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.