People v. United National Life Insurance

J. We hold in these consolidated cases that California can constitutionally regulate insurance transactions of foreign insurance companies which, although they have no agents in this state, solicit and negotiate such transactions with California residents exclusively by mail from offices outside this state. Additionally we conclude that foreign insurers engaging in such activities are subject to the provisions of section 700 of the Insurance Code 1 and, as a condition precedent to engaging therein, must procure from the Insurance Commissioner of this state (commissioner) a certificate of…