CA AB1130

Exempts foreign home protection company applicants from filing a certified financial statement, examination report, and holding a certificate of authority as an insurance company, provided the applicant's chief executive officer stipulates the company will provide financial reports in the same manner as domestic companies.

Requires each home protection company to file a single annual statement exhibiting its conditions and affairs in accordance with specified sections of the Insurance Code.

Limits the Department of Insurance commissioner to conducting no more than one financial examination of a home protection company in any five-year period, unless the commissioner finds the company's financial condition has deteriorated and warrants an interim examination.