Disclosure of Iran-Related Investments
DATE: March 27, 2013
TO: California Domestic Insurers and Interested Parties
SUBJECT: Disclosure of Iran-Related Investments
Pursuant to California Insurance Code Section 1241.2, on or before June 30, 2013, and annually thereafter, every domestic insurer shall determine what investments it has in companies included on the Department of General Services ("DGS") list pursuant to Public Contract Code Section 2203(b). The insurer shall provide the California Department of Insurance ("CDI") a list of investments the insurer has in companies included on the DGS list, including, but not limited to, the issuer, by name, of the stock, bonds, securities, and other evidence of indebtedness. Please be aware that investments in companies included on the DGS list shall be treated as nonadmitted assets.
For your convenience, the Disclosure of Iran-Related Investments form and the DGS List are being made available on the CDI website. All filings, unless otherwise noted, must be submitted using the Online Assistance System for Insurer Submittals ("OASIS").
For inquiries, please contact:
Investment Officer II
California Department of Insurance
Financial Analysis Division
Phone: (213) 346-6436
Deputy Insurance Commissioner
Financial Surveillance Branch