SECTIONS 1430-1434 - California Statutes

INSURANCE CODE

SECTION 1430-1434

1430. The attorney shall make a report, under oath, to the
commissioner covering each calendar year. Such report shall be made
annually during the time limited for the filing of annual statements
by insurers transacting the same class of insurance. It shall show
the financial condition of the exchange.
The attorney shall at any time furnish such additional information
and reports, other than names and addresses of subscribers, as the
commissioner requires. The attorney shall not be required to furnish
the names or addresses of any subscribers except in case of an unpaid
final judgment against the exchange.

1431. The assets, business affairs and records of every exchange
and its attorney shall be subject to examination by the commissioner
at any reasonable time. The cost and expense of such examination
shall be paid as prescribed in Section 736.

1432. The commissioner has:
(a) The right of examination of and supervision over reciprocal or
interinsurance exchanges, their attorneys, agents and brokers.
(b) The right to hold and conduct hearings in the manner and under
the same procedure as in the case of other insurers.

1433. The commissioner's right of examination shall include the
right to examine the records containing the names and addresses of
the subscribers. Any information obtained from such records shall be
confidential and the disclosure thereof, except under order of court,
constitutes a breach of official duty.

1434. Where the principal office of the attorney is located in
another State, the commissioner, in lieu of examination may accept a
certified copy of the report of examination made by the insurance
authority of another State.