Commercially Domiciled Report
|
Annual Financial Statement As of |
Type of Business |
|---|---|
|
12/31/2024 |
Note: The report is in PDF format.
Below is the formula to calculate whether a foreign company is commercially domiciled (California Insurance Code Section 1215.14(a)):
|
Condition |
Description |
|---|---|
| [1] | Total three (3) preceding years* (California Direct Premiums Written) |
| [2] | Total three (3) preceding years* (State of Domicile Direct Premiums Written) |
| [3] | Total three (3) preceding years* (U.S. Direct Premiums Written) |
Commercially Domiciled: If ([1] > [2]) and ([1] >= [3]*33%)
Note: ">" - greater than; ">=" - greater than or equal
"*" - Or Total of lesser period in which the company is licensing in California
