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 2670.21 - Annual Experience Reports

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Each insurer subject to this Subchapter
				  shall file an annual report of its credit property insurance and credit
				  unemployment insurance experience statistics with the Commissioner no later
				  than May 1 of the year following the calendar year reported. All annual reports
				  of experience statistics shall be filed with the California Department of
				  Insurance, Rate Regulation Division, Rate Specialist Bureau, 300 South Spring
				  Street, 14th Floor, Los Angeles, California 90013.
(b) Each type of insurance as defined in this
				  Subchapter shall be reported separately on the Credit Property Insurance
				  Experience Report and Credit Unemployment Insurance Experience Report forms
				  prescribed by the Commissioner. The experience report for insurance programs
				  not defined in this Subchapter shall include brief descriptions of the
				  coverages provided. The experience for each type of coverage shall be reported
				  separately. The Commissioner reserves the right to require that the reports be
				  filed in electronic media form. Each insurer shall maintain experience data on
				  an annual basis for its business subject to this Subchapter for at least five
				  (5) years. Experience statistics generated under conditions different from
				  those assumed in this Subchapter shall be reported separately.
(c) Credit insurance experience generated by
				  business issued before the effective date of this Subchapter shall be
				  maintained and reported separately from experience generated under this
				  Subchapter.
1. New
					 article 6 (sections
					 2670.21-2670.22) 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. 10).
2. Change without regulatory effect
					 withdrawing and repealing article 6 (sections
					 2670.21-2670.22) 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 6 (sections
					 2670.21-2670.22) 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:
						Section
						779.36,
						Insurance Code.