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• California Codes
  • California Financial Code
    • FINANCIAL CODE SECTION 1855-1856

1855.  An application for a license shall be in writing, under oath,
and in a form prescribed by the commissioner.  It shall contain the
name and address of the applicant, the location of applicant's
principal place of business and, if the applicant is a corporation,
the name and address of directors and principal officers thereof.




1856.  Each application for a license shall be accompanied by such
information and documents as the commissioner may by regulation or
order reasonably require, including but not limited to:
   (a) The most recent audited and unconsolidated statement of income
and statement of condition of applicant as prepared by an
independent certified public accountant in conformity with generally
accepted accounting principles applied on a consistent basis.
   (b) Description of applicant's business and mode of operation.
   (c) Enumeration of names of parent and active subsidiary
organizations of applicant, if any.
   (d) Copies of the applicant's filings for the preceding year with
the Securities and Exchange Commission, and copies of the most recent
filings for the preceding year with the California Corporations
Commissioner, or other California state agency.
   (e) Detailed statement of eligible securities of applicant,
including identification by name and present value, which applicant
intends to use in the conduct of its business of issuing traveler's
checks.
   (f) Amount of issuer's liability for traveler's checks outstanding
in California, and in the United States, as of the last business day
of the preceding calendar quarter.
   (g) Name and principal office of each agent, selling or to be
selling traveler's checks in California.
   (h) Name of other states, in which applicant has been granted a
license or authorization to sell or is selling traveler's checks.