separator
Skip to Contentseparator HomeseparatorCheck License StatussepartorContact UssepartorRequest for Assistance
Welcome to the California Department of Insurance
Site tools
Decrease font size Increase font size Site map Help Print-friendly version
News: Commercially Domiciled Report

 

Annual Financial Statement As of

Type of Business

12/31/2013

Life/Health and Property & Casualty

Note: The report is in PDF Adobe Acrobat format.

Below is the formula to calculate whether a foreign company is commercially domiciled (CIC Section 1215.14(a)):

Condition

Description

[1]  Total three (3) preceding years* (California DPW)
[2]  Total three (3) preceding years* (State of Domicile DPW)
[3]  Total three (3) preceding years* (U.S. DPW)


Commercially Domiciled: If ([1] > [2]) and ([1] >= [3]*33%)

Note: DPW - Direct Premiums Written; ">" - greater than; ">=" - greater than or equal
         "*" - Or Total of lesser period in which the company is licensing in California

separator