California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 10 - Conservation and Liquidation Office › Article 1 - Conservation and Liquidation Office › Section 2698.99 - Conflict-of-Interest Code for the Conservation and Liquidation Office

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Insurance Code Section
					 1035.2 and
					 The Political Reform Act (Government Code Section
					 81000,
et seq.
) require the California Department of Insurance
					 ("CDI") to promulgate and adopt a conflict-of-interest code pertaining to the
					 officers and employees of the CDI's Conservation & Liquidation Office. The
					 Fair Political Practices Commission has adopted a regulation (2 California Code
					 of Regulations Section
					 18730) that contains the terms of
					 a standard conflict-of-interest code which can be incorporated by reference in
					 an agency's code. After public notice and hearing, the standard code may be
					 amended by the Fair Political Practices Commission to conform to amendments in
					 the Political Reform Act (Government Code Sections
					 81000,
et seq.
). Therefore, the terms of 2 California Code of
					 Regulations Section
					 18730 and any amendments to it
					 duly adopted by the Fair Political Practices Commission are hereby incorporated
					 by reference. This regulation and the attached Appendices designating positions
					 and establishing disclosure categories, shall constitute the
					 conflict-of-interest code of the CDI's Conservation and Liquidation Office
					 (CLO).
Individuals holding designated positions shall file their
					 statements of economic interests with the CLO, which will make the statements
					 available for public inspection and reproduction. (Gov. Code Section
					 81008.)
					 Upon receipt of the statement for the Chief Executive Officer, the CLO shall
					 make and retain copies and forward the originals to the Fair Political
					 Practices Commission. All other statements will be retained by the CLO.
Appendix A--Designated Positions
Designated
								Positions
Assigned Disclosure
								Category
Chief Executive Officer
1
Operations Officer
1
Chief Financial Officer
1
Vice-President Reinsurance
1
Chief Estate Trust Officer
1
Claims Officer CLO
1
Vice-President of Finance
1
Estate Trust Officer
1
Estate Trust Manager
1
Business Analyst Manager
1
All
								Consultants*
1
Reinsurance Manager
1
Claims Manager
1
Administration Manager
2
Executives of Conserved/Liquidated Insurance
								Company
Same as CLO counterpart, e.g., CFO of
								conserved/liquidated company is in Disclosure Category 1
_________
* With respect to
								consultants, the Chief Executive Officer may determine in writing that a
								particular consultant, although a "designated position," is hired to perform a
								range of duties that is limited in scope and thus is not required to comply
								with the disclosure requirements described in these categories. Such
								determination shall include a description of the consultant's duties and, based
								upon that description, a statement of the extent of disclosure requirements.
								The Chief Executive Officer's determination is a public record and shall be
								retained for public inspection in the same manner and location as this
								conflict-of-interest code. (Gov. Code Sec.
								81008.) Nothing herein excuses any
								such consultant from any other provision of the Conflict of Interest
								Code.
Disclosure Categories
Designated positions in Category 1 shall report all
					 interests in real property in the State of California, as well as investments,
					 business positions and sources of income, including gifts, loans and travel
					 payments.
Designated positions in Category 2 shall report all
					 investments, business positions and income, including gifts, loans and travel
					 payments, from sources that provide leased facilities, goods, equipment,
					 vehicles, machinery or services, including training or consulting services, of
					 the type utilized by the designated employee's department or area of
					 authority.
1. New
					 subchapter 10 (article 1), article 1 (section
					 2698.99) and section filed
					 11-4-2002; operative 12-4-2002. Approved by Fair Political Practices Commission
					 9-17-2002 (Register 2002, No. 45).
2. Amendment of section and
					 Appendix filed 1-23-2006; operative 2-22-2006. Approved by Fair Political
					 Practices Commission 11-4-2005 (Register 2006, No. 4).
3. Amendment
					 of section and Appendix A filed 5-23-2011; operative 6-22-2011. Approved by
					 Fair Political Practices Commission 3-2-2011 (Register 2011, No.
					 21).
Note: Authority cited: Section
						87300,
						Government Code; and Section
						1035.2,
						Insurance Code. Reference: Sections
						87300-
						87302 and
						87306,
						Government Code; and California Code of Regulations, Title 2, Section
						18730, et
						seq.