L&HCaliforniamedium
A California domestic life insurer plans to enter a large reinsurance treaty with its parent holding company's offshore affiliate. Before the transaction can occur, what notice must the insurer make to the California Insurance Commissioner?
AA Form A acquisition-of-control statement filed before consummating the change in control
BA Form B annual registration amendment reflecting the updated holding-company structure only
A Form D prior notice of a material affiliate transaction at least 30 days before entry
DA Form F enterprise risk report submitted at least 60 days before entering the transaction
Why this is the answer
California Insurance Code § 1215.5 governs intra-group affiliate transactions. Material transactions — reinsurance with an affiliate, sales/exchanges of assets above thresholds, loans, management/service agreements, tax-sharing arrangements — require the domestic insurer to file Form D at least 30 days before entry. The Commissioner may disapprove within that window. Form A (acquisition of control) and Form B (annual registration) are not the right vehicles, and Form F is an enterprise-risk-level filing not the per-transaction notice.
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