Section 2570.08 - Exhibits to be Submitted in Support of a Security Permit ApplicationA home protection company applying for a security permit shall submit the following:
(a) Security permit application fee.(b) A voided specimen of any share certificate or other security which applicant proposes to issue.(c) If the sale is by subscription, a list of all proposed share purchasers, the amount of shares to be purchased by each subscriber, the aggregate consideration to be paid by each subscriber and identification of the promoters by means of an asterisk.(d) Prospectus or offering circular, or a statement why it should not be required. No prospectus or offering circular is required if the entire issue will be made to three or less subscribers, all of whom are promoters.(e) Copy of any letter to stockholders, offering letter or other solicitation material.(f) Stock subscription agreement.(g) Agreement restricting transfer of shares.(h) Impound agent instructions and letters of consent to act as escrow agent.(i) Underwriter's agreement concerning the issue or providing for sale or disposition of applicant's shares.(j) Names of all persons who will solicit the sale of these securities and their addresses, relationships to the applicant, production and securities licenses held and compensation for the sale of these securities, if any.(k) The plan of operation as specified in Section 2570.06 (f).(l) A two-year financial projection.Cal. Code Regs. Tit. 10, § 2570.08
Note: Authority cited: Section 2570, California Insurance Code. Reference: Sections 771.1, 831.1, 881.1, 882.5, 988, 1215.13 1/2, 1634, 1635, Part 7 commencing with Section 12740 of Division 2, Insurance Code.