Forms B and C Annual Registration Statement
TO: All California Domiciled and Commercially Domiciled Insurers, and Other Interested Parties
This notice is to advise California domestic and commercially domiciled insurers to submit filings, notices, amendments, and/or applications for approval or exemption as required by the Insurance Holding Company System Regulatory Act (California Insurance Code ["CIC"] Sections 1215 et seq.).
1. Forms B and C
Pursuant to CIC Section 1215.4(a), all domestic and commercially domiciled insurers that are members of a holding company system must register with the Commissioner. Any insurer required to register under this section must do so within 15 days after it becomes subject to registration, and annually thereafter by April 30 of each year, reporting for the previous calendar year. The annual holding company registration statements pursuant to CIC Section 1215.4, commonly referred to as Forms B and C, should be filed on the forms provided at the bottom of this notice.Please submit the registration statements using the Online Assistance System for Insurers Submittals ("OASIS") and mail the original signature pages of the Forms B & C to:
California Department of Insurance
Financial Analysis Division, Financial Records Unit
300 South Spring Street, South Tower, 13th Floor
Los Angeles, CA 90013
2. Commercially Domiciled Determinations
CIC Section 1215.14(a) specifies how to determine whether an insurer is commercially domiciled. CIC Sections 1215.4, 1215.5 and 1215.2 specify the filing requirements applicable to commercially-domiciled insurers. Taken together, these sections provide the information necessary for an insurer to determine whether it is subject to the holding company filing requirements; and to understand the information that must be provided and the time frames for filing. It is incumbent upon each insurer to promptly determine its status so that all filings can be made in a timely manner. Failure of an insurer to ascertain its status as a commercially domiciled insurer neither relieves it of its obligation to make required filings, nor exempts it from being assessed late filing fees pursuant to CIC Section 1215.11(a) for not having filed within required timeframes. Commercially-domiciled insurers need not file reinsurance agreements, however, as explained in Bulletin 2011-2, paragraph #4 in Key Provisions Section.
Deputy Insurance Commissioner
Financial Surveillance Branch