Commercially Domiciled Report
|
Annual Financial Statement As of |
Type of Business |
|---|---|
|
12/31/2023 |
Note: The report is in PDF Adobe Acrobat format.
Below is the formula to calculate whether a foreign company is commercially domiciled (CIC §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
