Report of Dividend
California Insurance Code section 134(e) requires annual re-registration of a purchasing group in order to keep its registration current. Each purchasing group must file its renewal materials on or before January 31 of each year. In addition, California Insurance Code section 130(b)(1) and (2) requires that a purchasing group be registered in its domiciliary state to do business under the Federal Liability Risk Retention Act. 15 U.S.C. § 3901 et seq.
The purchasing group must file the California Annual Re-Registration Statement and pay the annual renewal fee of $200.00 on or before January 31 of each year in order to maintain its active status in California.
Please be advised that purchasing groups may file their renewal statements electronically through our Online Assistance System for Insurer Submittals (OASIS) or mail the original form with filing fee made payable to the California Department of Insurance at our San Francisco Office, 1901 Harrison Street, 6th Floor, Oakland, CA 94612. For technical assistance regarding OASIS, please contact Oasis@insurance.ca.gov.
If the department does not hear from the purchasing group by January 31, the California Department of Insurance will assume that the purchasing group no longer wishes to maintain active status in California and therefore, the group may no longer operate, solicit or otherwise transact its business in California. Should the group wish to become active in California at a later date, it will need to submit the required original Notice and Registration Statement, all supporting documentation, and pay the initial registration fee in effect at that time.
Should you have any questions, please contact Pretrice Curry-Bossett.