Section 382 Of Article 1. Definition And Scope From California Insurance Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 1.
382
. Covering notes may be issued to bind insurance temporarily
pending the issuance of the policy. Within 90 days after issue of a
covering note a policy shall be issued in lieu thereof, including
within its terms the identical insurance bound under the covering
note and premium therefor.
Covering notes may be extended or renewed beyond such 90 days with
the written approval of the commissioner if the commissioner
determines that such extension is not contrary to and is not for the
purpose of violating any provision of this code. The commissioner may
promulgate rules and regulations governing such extensions for the
purpose of preventing such violations and may by such rules and
regulations dispense with the requirement of written approval by him
in the case of extensions in compliance with such rules and
regulations.