Cal. Code Regs. tit. 10 § 2220.2

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 2220.2 - Industrial Insurance

"Industrial Insurance" means that form of disability insurance embodied in a disability policy which is issued on an industrial debit basis and which provides, at issue, either:

(a) that premiums are payable weekly, or

(b) that premiums are payable monthly at a rate not greater than $15.00 per person insured per month.

It shall be presumed for the purposes of this Article that a policy will not be issued on an industrial debit basis unless:

(1) The words "Industrial Policy" are printed upon the policy as a part of the descriptive matter, or

(2) When submitted to the Commissioner, it is accompanied by a written certificate, over the signature of an executive officer of the company, to the effect that such policy will be issued on such basis only.

Cal. Code Regs. Tit. 10, § 2220.2