reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.9 - Rules of Practice and Procedure for Rate Proceedings › Article 14 - Intervenor's and Participant's Fees and Expenses › Section 2662.6 - Decision Awarding Compensation; Allowance of Award

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) In a written decision, the Commissioner
				  shall determine whether or not the intervenor or participant has made a
				  substantial contribution. The decision shall be issued within 90 days of
				  receipt of all information required by Section
				  2662.3.
(b) If the Commissioner determines that the
				  intervenor or participant has made a substantial contribution, the Commissioner
				  shall set forth this substantial contribution and shall set forth the amount of
				  compensation to be paid. The compensation awarded shall equal the market rate
				  of the services provided.
(c) The
				  Commissioner's decision shall be served on all parties to the
				  proceeding.
(d) Any award paid by
				  an applicant pursuant to this Article shall be allowed by the Insurance
				  Commissioner as an expense for the purpose of establishing rates of the
				  applicant as a dollar-for-dollar adjustment to rates approved by the Insurance
				  Commissioner immediately on the determination of the amount of the award, so
				  that the amount of the award shall be fully recovered within two years from the
				  date of the award.
1. New
					 section filed 8-18-95 as an emergency; operative 8-18-95 (Register 95, No. 33).
					 A Certificate of Compliance must be transmitted to OAL by 12-16-95 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New section refiled 12-19-95 as an emergency; operative
					 12-19-95 (Register 95, No. 51). A Certificate of Compliance must be transmitted
					 to OAL by 4-17-96 or emergency language will be repealed by operation of law on
					 the following day.
3. Certificate of Compliance as to 12-19-95 order
					 transmitted to OAL April 17, 1996; disapproved by OAL and order of repeal as to
					 12-19-95 order filed 5-30-96 (Register 96, No. 22).
4. New section
					 filed 5-30-96 as an emergency; operative 5-30-96 (Register 96, No. 22). A
					 Certificate of Compliance must be transmitted to OAL by 9-27-96 or emergency
					 language will be repealed by operation of law on the following
					 day.
5. Certificate of Compliance as to 5-30-96 order transmitted to
					 OAL 9-26-96 and filed 11-5-96 (Register 96, No.
					 45).
Note: Authority cited: Section
						1861.10,
						Insurance Code; and CalFarm Insurance Company, et al. v. George Deukmejian, et
						al., 48 Cal.3d 805, 824 (1989), 20th Century Insurance Company v. John
						Garamendi, 8 Cal.4th 216, 281, 32 Cal. Rptr. 2d 807, 847 (1994). Reference:
						Sections
						1861.10(a)
						and
						1861.10(b),
						Insurance Code; and CalFarm Insurance Company, et al. v. George Deukmejian, et
						al., 48 Cal.3d 805 (1989), 20th Century Insurance Company et al. v. John
						Garamendi 8 Cal. 4th 216, 32 Cal. Rptr. 2d 807
						(1994).
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.9 - Rules of Practice and Procedure for Rate Proceedings › Article 14 - Intervenor's and Participant's Fees and Expenses › Section 2662.7 - Time for Payment

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Any
				  award payable by an applicant shall be paid within 30 days of the decision
				  awarding compensation. If an insurance company fails to pay an award within 30
				  days, the insurance company shall also pay interest on the amount awarded, at
				  the legal rate, until the date on which the award is paid.
(b) For the purpose of this section, the
				  phrase "within 30 days" shall mean within 30 days after the Insurance
				  Commissioner issues a decision awarding compensation, unless the insurance
				  company submits a timely petition for reconsideration or judicial challenge of
				  the decision or any part for which compensation is sought by the intervenor, in
				  which case no payment shall be required until 30 days after a decision on
				  reconsideration or judicial challenge.
1. New
					 section filed 8-18-95 as an emergency; operative 8-18-95 (Register 95, No. 33).
					 A Certificate of Compliance must be transmitted to OAL by 12-16-95 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New section refiled 12-19-95 as an emergency; operative
					 12-19-95 (Register 95, No. 51). A Certificate of Compliance must be transmitted
					 to OAL by 4-17-96 or emergency language will be repealed by operation of law on
					 the following day.
3. Certificate of Compliance as to 12-19-95 order
					 transmitted to OAL April 17, 1996; disapproved by OAL and order of repeal as to
					 12-19-95 order filed 5-30-96 (Register 96, No. 22).
4. New section
					 filed 5-30-96 as an emergency; operative 5-30-96 (Register 96, No. 22). A
					 Certificate of Compliance must be transmitted to OAL by 9-27-96 or emergency
					 language will be repealed by operation of law on the following
					 day.
5. Certificate of Compliance as to 5-30-96 order transmitted to
					 OAL 9-26-96 and filed 11-5-96 (Register 96, No.
					 45).
Note: Authority cited: Section
						1861.10,
						Insurance Code; and CalFarm Insurance Company, et al. v. George Deukmejian, et
						al., 48 Cal.3d 805, 824 (1989), 20th Century Insurance Company v. John
						Garamendi, 8 Cal.4th 216, 281, 32 Cal. Rptr. 2d 807, 847 (1994). Reference:
						Sections
						1861.10(a)
						and
						1861.10(b),
						Insurance Code; and CalFarm Insurance Company, et al. v. George Deukmejian, et
						al., 48 Cal.3d 805 (1989), 20th Century Insurance Company et al. v. John
						Garamendi 8 Cal. 4th 216, 32 Cal. Rptr. 2d 807
						(1994).
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.9 - Rules of Practice and Procedure for Rate Proceedings › Article 14 - Intervenor's and Participant's Fees and Expenses › Section 2662.8 - Securing Payment

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Commissioner shall make every reasonable effort to
					 secure payment of award, including cooperating with other agencies of the
					 state.
1. New
					 section filed 8-18-95 as an emergency; operative 8-18-95 (Register 95, No. 33).
					 A Certificate of Compliance must be transmitted to OAL by 12-16-95 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New section refiled 12-19-95 as an emergency; operative
					 12-19-95 (Register 95, No. 51). A Certificate of Compliance must be transmitted
					 to OAL by 4-17-96 or emergency language will be repealed by operation of law on
					 the following day.
3. Certificate of Compliance as to 12-19-95 order
					 transmitted to OAL April 17, 1996; disapproved by OAL and order of repeal as to
					 12-19-95 order filed 5-30-96 (Register 96, No. 22).
4. New section
					 filed 5-30-96 as an emergency; operative 5-30-96 (Register 96, No. 22). A
					 Certificate of Compliance must be transmitted to OAL by 9-27-96 or emergency
					 language will be repealed by operation of law on the following
					 day.
5. Certificate of Compliance as to 5-30-96 order transmitted to
					 OAL 9-26-96 and filed 11-5-96 (Register 96, No.
					 45).
Note: Authority cited: Section
						1861.10,
						Insurance Code; and CalFarm Insurance Company, et al. v. George Deukmejian, et
						al., 48 Cal.3d 805, 824 (1989), 20th Century Insurance Company v. John
						Garamendi, 8 Cal.4th 216, 281, 32 Cal. Rptr. 2d 807, 847 (1994). Reference:
						Sections
						1861.10(a)
						and
						1861.10(b),
						Insurance Code; and CalFarm Insurance Company, et al. v. George Deukmejian, et
						al., 48 Cal.3d 805 (1989), 20th Century Insurance Company et al. v. John
						Garamendi 8 Cal. 4th 216, 32 Cal. Rptr. 2d 807
						(1994).
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 1 - Scope › Section 2670.1 - Authority

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subchapter is promulgated pursuant to the authority
					 granted to the Insurance Commissioner under the provisions of Sections
					 779.21,
					 779.36,
					 12921, and
					 12926 of
					 the California Insurance Code,
Credit Insurance General Agents
					 Association v. Payne
, 16 Cal.3d 651 (1976), and
20th Century
					 v. Garamendi
, 8 Cal.4th 216 (1994).
1. New
					 subchapter 4.10 (articles 1-7, sections
					 2670.1-2670.24), article 1
					 (sections 2670.1-2670.3) and section filed
					 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only pursuant to
					 Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing subchapter 4.10 (articles 1-7, sections
					 2670 -.1-2670.24), article 1
					 (sections 2670.1-2670.3) and section
					 pursuant to settlement agreement in Consumer Credit Insurance Association v.
					 John Garamendi (California Superior Court No. 03CS00533) filed 5-27-2004
					 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New subchapter 4.10
					 (articles 1-7, sections
					 2670.1-2670.24), article 1
					 (sections 2670.1-2670.3) and section filed
					 4-28-2006; operative 5-28-2006. Submitted to OAL for printing only pursuant to
					 Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1861.01 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 1 - Scope › Section 2670.2 - Purpose

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The purpose of this Subchapter is to implement the
					 provisions of Insurance Code Section
					 779.36
					 which apply to credit property insurance, joint credit property insurance,
					 credit unemployment insurance and joint credit unemployment
					 insurance.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Section
						779.36,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 1 - Scope › Section 2670.3 - Applicability

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Subchapter applies to all credit property insurance,
					 joint credit property insurance, credit unemployment insurance, and joint
					 credit unemployment insurance on risks or on operations in this
					 state.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1851,
						1861.01,
						1861.05 and
						1861.13,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 3 - Regulation of Rates › Section 2670.5 - Presumptive Loss Ratios and Prima Facie Rates, Generally

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
For the purpose of implementing Insurance Code Section
					 779.36, the
					 presumptive loss ratio for credit property insurance coverage or for credit
					 unemployment insurance coverage shall be the permissible loss ratio set forth
					 in Section
					 2670.6, Prima Facie Rates and
					 Permissible Loss Ratio for Benchmark Program computed by dividing incurred
					 losses by earned premiums, using calendar year data. For the purpose of
					 Insurance Code Section
					 1861.05, it
					 shall be presumed that a rate is excessive if incurred losses cannot be
					 reasonably expected to equal the appropriate percent of the earned premiums for
					 each credit property insurance experience group or for each credit unemployment
					 insurance experience group. These regulations contain prima facie rates and
					 loss ratios based on the benchmark programs set forth in this Subchapter. An
					 insurer may use a program which is different from a benchmark program provided
					 the insurer shows that the proposed rate for the program is expected to produce
					 a loss ratio of at least the appropriate percent set forth in Section
					 2670.6, Prima Facie Rates and
					 Permissible Loss for Benchmark Programs.
1. New
					 article 3 (sections
					 2670.5-2670.11) and section filed
					 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only pursuant to
					 Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing article 3 (sections
					 2670.5-2670.11) and section
					 pursuant to settlement agreement in Consumer Credit Insurance Association v.
					 John Garamendi (California Superior Court No. 03CS00533) filed 5-27-2004
					 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New article 3 (sections
					 2670.5-2670.11) and section filed
					 4-28-2006; operative 5-28-2006. Submitted to OAL for printing only pursuant to
					 Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1861.01 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 3 - Regulation of Rates › Section 2670.9 - Table

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Table 1
Credibility Table
Earned
Reported
Credibility
Premium
Claim
							 Count
Factor ("Z")
___________________________
1
1
.00
56,000
17
.25
81,000
24
.30
111,000
33
.35
145,000
43
.40
183,000
55
.45
226,000
68
.50
273,000
82
.55
325,000
98
.60
382,000
114
.65
443,000
133
.70
508,000
152
.75
578,000
173
.80
653,000
196
.85
732,000
220
.90
815,000
245
.95
903,000
271
1.00
___________________________
The above integers represent the lower end of the bracket
					 for each "Z" factor. The upper end is 1 less than the lower end for the next
					 higher "Z" factor.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1861.01 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 3 - Regulation of Rates › Section 2670.10 - Certificate of Insurance; Filing Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
All coverages, exclusions, and limits of liability
					 applicable to the certificate of insurance must be set forth in the certificate
					 of insurance issued to the certificate holder. The coverages, exclusions, and
					 limits of liability in the master policy which pertain to the certificate of
					 insurance issued under the master policy must conform to the coverages,
					 exclusions, and limits of liability set forth in the certificate of insurance
					 issued under the master policy. Every rate filing subject to this Subchapter
					 shall include copies of the certificate of insurance and master policy used in
					 the program for which the rate filing is made.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1861.01 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 3 - Regulation of Rates › Section 2670.11 - Cancellation of Coverage and Return Premium

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This section applies to all credit property insurance and
					 credit unemployment insurance coverages except single interest credit property
					 insurance coverage on closed end plans of indebtedness. In the event the
					 certificate holder cancels coverage, any return premium shall be computed on a
					 prorata basis if the premium is paid monthly, and by the Rule of 78's if the
					 premium is a single payment premium and the coverage provided pays off the
					 entire balance of the certificate holder's indebtedness.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						481(a),
						779.36 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 4 - Benchmark Programs for Credit Property Insurance › Section 2670.12 - Benchmark Number One: Provisions for Dual Interest Credit Property Insurance on an Open End Plan of Indebtedness

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) When Coverage Is In Effect. Coverage is
				  effective on the date the certificate of insurance holder's (the "certificate
				  holder's") account has a balance, and continues for as long as there is an open
				  balance in the account(s). Coverage ends on the date the certificate holder's
				  account does not reflect an open balance, and is automatically reinstated when
				  there is an open balance. Coverage will continue for up to 36 months from the
				  date the item of personal property was financed. Coverage covers the insured
				  property anywhere in the world.
(b)
				  Coverage Provided. The insurance covers the interest of the master policyholder
				  and the certificate holder in personal property purchased by the certificate
				  holder and financed under an open end plan of indebtedness. In the event of a
				  loss to a pair, set, or parts, the insurer will provide the following coverage:
(1) For any article(s) that is a part of a
				  pair or set: the insurer will pay a reasonable and fair proportion of the total
				  value of the pair or set, with consideration given to the importance of such
				  article(s). In no event will such loss mean total loss of the pair or
				  set;
(2) For any part of property
				  which consists of several parts when complete: the insurer will be liable only
				  for the value of the part lost or damaged.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 6 - Reporting Requirements › Section 2670.22 - Reporting Forms

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Credit Property Insurance Experience Report form and
					 the Credit Unemployment Insurance Experience Report form are available as
					 downloadable forms on the Department of Insurance web site at
http://www.insurance.ca.gov
.
					 If the forms cannot be successfully downloaded from the web site, they may be
					 obtained by contacting the address below:
CALIFORNIA DEPARTMENT OF INSURANCE
RATE REGULATION BRANCH, RATE SPECIALIST BUREAU
300 SOUTH SPRING STREET, 14TH FLOOR
LOS ANGELES, CA 90013.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Section
						779.36,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 7 - Effective Date and Severability › Section 2670.23 - Effective Date

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Every insurer subject to this Subchapter shall seek
					 approval of its rates sixty (60) days after the effective date of these
					 regulations. Credit property and credit unemployment rate filings shall be
					 reviewed under Insurance Code Sections
					 779.36,
					 1861.01(c),
					 1861.05,
					 and any other applicable law.
1. New
					 article 7 (section
					 2670.23-2670.24) and section filed
					 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only pursuant to
					 Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing article 7 (sections
					 2670.23-2670.24) and section
					 pursuant to settlement agreement in Consumer Credit Insurance Association v.
					 John Garamendi (California Superior Court No. 03CS00533) filed 5-27-2004
					 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New article 7 (section
					 2670.23-2670.24) and section filed
					 4-28-2006; operative 5-28-2006. Submitted to OAL for printing only pursuant to
					 Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1861.01 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance › Article 7 - Effective Date and Severability › Section 2670.24 - Severability

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
If any provision of this Subchapter or its application to
					 any person or circumstance is held invalid for any reason, the rest of this
					 Subchapter shall not be affected.
1. New
					 section filed 3-10-2003; operative 4-9-2003. Submitted to OAL for printing only
					 pursuant to Government Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2003, No. 11).
2. Change without regulatory effect
					 withdrawing and repealing section pursuant to settlement agreement in Consumer
					 Credit Insurance Association v. John Garamendi (California Superior Court No.
					 03CS00533) filed 5-27-2004 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2004, No. 22).
3. New section filed 4-28-2006;
					 operative 5-28-2006. Submitted to OAL for printing only pursuant to Government
					 Code section
					 11343.8 as
					 a regulation that establishes rates in accordance with Government Code section
					 11340.9(g)
					 (Register 2006, No. 17).
Note: Authority cited: Sections
						779.21,
						779.36,
						12921 and
						12926,
						Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d
						651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference:
						Sections
						779.36,
						1861.01 and
						1861.05,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.1 - Application of Article

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
This Article is applicable to all domestic stock insurers
					 having 100 or more stockholders; provided, however, that this Article shall not
					 apply to any insurer if 95% or more of its stock is owned or controlled by a
					 parent or an affiliated insurer and the remaining shares are held by less than
					 500 stockholders. A domestic stock insurer which files with the Securities and
					 Exchange Commission forms of proxies, consents and authorizations complying
					 with the requirements of the Securities Exchange Act of 1934 and the Securities
					 Exchange Act Amendments of 1964 and Regulation X-14 of the Securities and
					 Exchange Commission promulgated thereunder shall be exempt from the provisions
					 of this Article.
1. New
					 Subchapter 5 (Sections
					 2680.1 through
					 2680.7,
					 2680.9 through
					 2680.13) filed 9-20-65; effective
					 thirtieth day thereafter (Register 65, No. 18).
Note: Authority cited: Section
						1140.5,
						Insurance Code.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.2 - Proxies, Consents and Authorizations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No domestic stock insurer, or any director, officer or
					 employee of such insurer subject to Section
					 2680.1 hereof, or any other
					 person, shall solicit, or permit the use of the name of the domestic stock
					 insurer, director, officer or employee of such insurer, or any other person to
					 solicit by mail or otherwise, any proxy, consent or authorization in respect of
					 any stock of such insurer in contravention of this Article and Schedules A and
					 B hereof as set forth in Section
					 2680.12 and
					 2680.13,
					 respectively.
1. Change
					 without regulatory effect amending section filed 7-14-2021 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2021, No. 29). Filing deadline specified in Government
					 Code section
					 11349.3(a)
					 extended 60 calendar days pursuant to Executive Order
					 N-40-20.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.3 - Disclosure of Equivalent Information

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Unless proxies, consents or authorizations in respect of a
					 stock of a domestic insurer subject to Section
					 2680.1 hereof are solicited by or
					 on behalf of the management of such insurer from the holders of record of stock
					 of such insurer in accordance with this Article and the Schedules hereunder
					 prior to any annual or other meeting, such insurer shall, in accordance with
					 this Article and/or such amendments hereto as the Commissioner may adopt, file
					 with the Commissioner and transmit to all stockholders of record information
					 substantially equivalent to the information which would be required to be
					 transmitted if a solicitation were made.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.4 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(1) The definitions
				  and instructions set out in Schedule Stockholder Information Supplement, as
				  promulgated by the National Association of Insurance Commissioners, shall be
				  applicable for purposes of this Article.
(2) The terms "solicit" and "solicitation"
				  for purposes of this Article shall include:
(a) any request for a proxy, whether or not
				  accompanied by or included in a form of proxy; or
(b) any request to execute or not to execute,
				  or to revoke, a proxy; or
(c) the
				  furnishing of a proxy or other communication to stockholders under
				  circumstances reasonably calculated to result in the procurement, withholding
				  or revocation of a proxy.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.5 - Information to be Furnished to Stockholders

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(1) No solicitation subject to this Article
				  shall be made unless each person solicited is concurrently furnished or has
				  previously been furnished with as a written proxy statement containing the
				  information specified in Schedule A as set forth in Section
				  2680.12 hereof.
(2) If the solicitation is made on behalf of
				  the management of the insurer and relates to an annual meeting of stockholders
				  at which directors are to be elected, each proxy statement furnished pursuant
				  to subsection
				  1 hereof shall be accompanied or
				  preceded by an annual report (in preliminary or final form) to such
				  stockholders containing such financial statements for the last fiscal year as
				  are referred to in Schedule Stockholder Information Supplement under heading
				  "Financial Reporting to Stockholders." Subject to the foregoing requirements
				  with respect to financial statements, the annual report to stockholders may be
				  in any form deemed suitable by the management.
(3) Two copies of each report sent to the
				  stockholders pursuant to this section shall be mailed to the Commissioner not
				  later than the date on which such report is first sent or given to stockholders
				  or the date on which preliminary copies of solicitation material are filed with
				  the Commissioner pursuant to subsection
				  1 of Section
				  2680.7, whichever date is
				  later.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.6 - Requirements as to Proxy

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(1) The
				  form of proxy
(a) shall indicate in boldface
				  type whether or not the proxy is solicited on behalf of the
				  management,
(b) shall provide a
				  specifically designated blank space for dating the proxy and
(c) shall identify clearly and impartially
				  each matter or group of related matters intended to be acted upon, whether
				  proposed by the management, or stockholders.
No reference need to be made to proposals as to which
					 discretionary authority is conferred pursuant to Subsection
					 3
					 hereof.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.7 - Material Required to be Filed

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(1) Two preliminary copies of the proxy
				  statement and form of proxy and any other soliciting material to be furnished
				  to stockholders concurrently therewith shall be filed with the Commissioner at
				  least 10 days prior to the date definitive copies of such material are first
				  sent or given to stockholders, or such shorter period prior to that date as the
				  Commissioner may authorize upon a showing of good cause thereof.
(2) Two preliminary copies of any additional
				  soliciting material relating to the same meeting or subject matter to be
				  furnished to stockholders subsequent to the proxy statements shall be filed
				  with the Commissioner at least two days (exclusive of Saturdays, Sundays or
				  holidays) prior to the date copies of this material are first sent or given to
				  stockholders or a shorter period prior to such date as the Commissioner may
				  authorize upon a showing of good cause therefor.
(3) Two definitive copies of the proxy
				  statement, form of proxy and all other soliciting material, in the form in
				  which this material is furnished to stockholders, shall be filed with, or
				  mailed for filing to, the Commissioner not later than the date such material is
				  first sent or given to the stockholders.
(4) Where any proxy statement, form of proxy
				  or other material filed pursuant to these rules is amended or revised, two of
				  the copies shall be marked to clearly show such changes.
(5) Copies of replies to inquires from
				  stockholders requesting further information and copies of communications which
				  do no more than request that forms of proxy theretofore solicited be signed and
				  returned need not be filed pursuant to this section.
(6) Notwithstanding the provisions of
				  subsections
				  1 and
				  2 hereof and of Subsection
				  5 of Section
				  2680.11, copies of soliciting
				  material in the form of speeches, press releases and radio or television
				  scripts may, but need not, be filed with the Commissioner prior to use or
				  publication. Definitive copies, however, shall be filed with or mailed for
				  filing to the Commissioner as required by Subsection
				  3 hereof not later than the date
				  such material is used or published. The provisions of subsections
				  1 and
				  2 hereof and Subsection
				  5 of Section
				  2680.11 shall apply, however, to
				  any reprints or reproductions or all or any part of such material.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.9 - False or Misleading Statements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No solicitation subject to this Article shall be made by
					 means of any proxy statement, form of proxy, notice of meeting, or other
					 communication, written or oral, containing any statement which at the time and
					 in the light of the circumstances under which it is made, is false or
					 misleading with respect to any material fact, or which omits to state any
					 material fact necessary in order to make the statements therein not false or
					 misleading or necessary to correct any statement in any earlier communication
					 with respect to the solicitation of a proxy for the same meeting or subject
					 matter which has become false or misleading.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.10 - Prohibition of Certain Solicitations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No person making a solicitation which is subject to this
					 Article shall solicit any undated or postdated proxy or any proxy which
					 provides that it shall be deemed to be dated as of any date subsequent to the
					 date on which it is signed by the stockholder.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Section 2680.11 - Special Provisions Applicable to Election Contests

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(1) Applicability
.
This section shall apply to any solicitation subject to
					 this Article by any person or group for the purpose of opposing a solicitation
					 subject to this regulation by any other person or group with respect to the
					 election or removal of directors at any annual or special meeting of
					 stockholders.
(2)
				  Participant or Participant in a Solicitation
.
(a) for purposes of this section the terms
				  "participant" "participant in a solicitation" include:
(i) the insurer;
(ii) any director of the insurer, and any
				  nominee for whose election as a director proxies are solicited;
(iii) any other person, acting alone or with
				  one or more other persons, committees or groups, in organizing, directing or
				  financing the solicitation.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Subarticle 1 - Schedule a: Information Required in Proxy Statement › Section 2680.12 - Items of Information Required

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Item
					 1. Revocability of Proxy.
State whether or not the person giving the proxy has the
						power to revoke it. If the right or revocation before the proxy is exercised is
						limited or is subject to compliance with any formal procedure, briefly describe
						such limitation or procedure.
Item
					 2. Dissenters' Right of Appraisal.
Outline briefly the rights of appraisal or similar rights
						of dissenting stockholders with respect to any matter to be acted upon and
						indicate any statutory procedure required to be followed by such stockholders
						in order to perfect their rights. Where such rights may be exercised only
						within a limited time after the date of the adoption of a proposal, the filing
						of a charter amendment, or other similar act, state whether the person
						solicited will be notified of such date.
Item 3. Persons Making Solicitations Not
					 Subject to Section
					 2680.11.
(1) If the solicitation is made by the
					 management of the insurer, so state. Give the name of any director of the
					 insurer who has informed the management in writing that the director intends to
					 oppose any action intended to be taken by the management and indicate the
					 action which the director intends to oppose.
(2) If the solicitation is made otherwise
					 than by the management of the insurer, state the names and addresses of the
					 persons by whom and on whose behalf it is made and the names and addresses of
					 the persons by whom the cost of solicitation has been or will be borne,
					 directly or indirectly.
(3) If the
					 solicitation is to be made by specially engaged employees or paid solicitor,
					 state
(i) the material features of any
					 contract or arrangement for such solicitation and identify the parties,
					 and
(ii) the cost or anticipated
					 cost thereof.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 1 - Proxies, Consents and Authorizations of Domestic Insurers › Subarticle 2 - Schedule B: Information to be Included in Statements Filed by or on Behalf of a Participant (Other than the Insurer) in a Proxy Solicitation in an Election Contest › Section 2680.13 - Items of Information Required-Election Contest

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Item 1. Insurer.
State the name and address of the
						insurer.
Item 2. Identity
					 and Background.
(a) State the following:
(1) Your name and business address
(2) Your present principal occupation or
					 employment and the name, principal business and address of any corporation or
					 other organization in which such employment is carried on.
California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5 - Stock Insurers-Corporate Affairs › Article 2 - Insider Trading › Section 2682.2 - Transactions Exempted from the Operation of Section 1104.3

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Any acquisition or disposition of any equity security by a
					 director or officer or an insurer within six months prior to the date on which
					 Sections 1104.2 and
					 1104.8 shall first become
					 applicable with respect to the equity securities of such insurer shall not be
					 subject to the operation of Section
					 1104.3.