Section 13070 Of Article 1. General From California Government Code >> Division 3. >> Title 2. >> Part 3. >> Chapter 2. >> Article 1.

. The department has general powers of supervision over all matters concerning the financial and business policies of the State and whenever it deems it necessary, or at the instance of the Governor, shall institute or cause the institution of such investigations and proceedings as it deems proper to conserve the rights and interests of the State.