Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 5 - Insurance CommissionerSubchapter 1 - Production of InsuranceArticle 3 - Motor Vehicle Insurance
Regulations
Section 2114.7 - Duty of Licensee in Quotation of Rate

Cal. Code Regs. tit. 10 § 2114.7

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 2114.7 - Duty of Licensee in Quotation of Rate

Every dealer or dealer's subsidiary shall use due care in obtaining full information necessary to the quotation of the rate for the insurance and in the quotation of such rate. No dealer or dealer's subsidiary shall knowingly or willfully make any misquotation of premium or rate nor quote a premium or rate for a particular kind of insurance or for a particular insurer without a reasonable expectation that such kind of insurance at the rate quoted can be lawfully procured by the dealer or dealer's subsidiary from such insurer.

Cal. Code Regs. Tit. 10, § 2114.7

1. New section filed 9-5-61; designated effective 1-1-62 (Register 61, No. 18).
2. 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.
1. New section filed 9-5-61; designated effective 1-1-62 (Register 61, No. 18).
2. 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.