§ 2756. Registration of Service Contractors.
16 CA ADC § 2756Barclays Official California Code of Regulations
16 CCR § 2756
§ 2756. Registration of Service Contractors.
An application for registration as service contractor shall be filed with the Bureau on an application form (Form 61A-2, Rev. 1/04) prescribed and provided by the Bureau and accompanied by the prescribed fee. In addition to the information required by Section 9830.5 of the Code, an application shall also include the following:
(e) The current value, based upon the full purchase price of the service contract paid by the service contract holder, of all service contracts in force, unless the service contractor has purchased or has arranged to have purchased on its behalf a service contract reimbursement insurance policy covering its service contracts or the service contracts which it administers.
(1) The most recent annual report on Form 10-K required by the Securities and Exchange Commission which complies with the provisions of Section 9855.2(a)(1) of the Code. A foreign corporation may submit a comparable regulatory filing which complies with the provisions of Section 2757.3 and includes an audited statement.
(4) Evidence of a funded escrow account which complies with the provisions of Section 2757.5. Such evidence shall disclose the name and address of the financial institution which holds the funded escrow account, the escrow account number, the escrow account instructions, and the most recent financial statement for the escrow account from the financial institution holding the escrow account. The applicant shall also grant the Director or his or her designee the authority to verify with the financial institution holding the escrow account the fund condition of the account.
Individuals identified in the application shall disclose a form of official identification from a state or federal government, such as a driver's license number or state identification number or passport number.
Credits
Note: Authority cited: Section 9814.5, Business and Professions Code. Reference: Sections 9830.5 and 9855.2, Business and Professions Code.
History
1. New article 5.5 and section filed 9-21-95; operative 10-21-95 (Register 95, No. 38).
2. Change without regulatory effect amending Form 61A-2 (incorporated by reference) and amending first paragraph filed 4-12-2004 pursuant to section 100, title 1, California Code of Regulations (Register 2004, No. 16).
3. New subsection (f)(5) and amendment of Note filed 3-7-2005; operative 4-6-2005 (Register 2005, No. 10).
This database is current through 5/3/24 Register 2024, No. 18.
Cal. Admin. Code tit. 16, § 2756, 16 CA ADC § 2756
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