Once an investor indicates their interest in a company, the company itself must then approve them to ensure that both parties are satisfied with the partnership.
Both parties seem to have proceeded on their assumption of the vitality of a one-person partnership, which we conclude cannot exist under California law.
Legislation known as the Terrorism Risk Insurance Act (TRIA) of 2002 created a temporary partnership between the federal government and the commercial insurance industry in which both parties agree to share the burden of picking up the tab for terror-related commercial insurance claims.