Section 2248.45 - Effective Date(a) This Article, effective October 1, 2001 governs the premiums charged (including refunds made for early terminations) for all individual credit insurance policies and group credit insurance certificates with effective dates on or after October 1, 2001, and the premiums charged after such date under previously issued credit insurance policies or certificates covering Open End plans of indebtedness.(b) Prior to January 1, 2002, insurers shall not be deemed to be in violation of this Article if they are in compliance with this Article as it existed on December 31, 2000.(c) Approved upward deviated rates in effect on September 30, 2001 shall be redetermined and refiled for approval pursuant to Section 2248.42 or be reduced on January 1, 2002 to the prima facie rates herein. The calculation of loss ratio for the refiling shall use earned premium based on the prima facie rates herein.Cal. Code Regs. Tit. 10, § 2248.45
1. New section filed 4-14-94; operative 5-16-94. Submitted to OAL for printing only pursuant to Government Code section 11343(a)(1) (Register 94, No. 15).
2. Amendment of section and NOTE filed 10-2-2001; operative 10-1-2001. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2001, No. 40). Note: Authority cited: Sections 779.21 and 779.36, Insurance Code. Reference: Sections 779.9, 779.13, 779.16 and 779.36, Insurance Code; Sections 18191, 18290- 18292, 22314, 22315 and 22455, Financial Code; and Credit Insurance General Agents Association v. Payne, (1976) 16 Cal. 3d 651.
1. New section filed 4-14-94; operative 5-16-94. Submitted to OAL for printing only pursuant to Government Code section 11343(a)(1) (Register 94, No. 15).
2. Amendment of section and Note filed 10-2-2001; operative 10-1-2001. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2001, No. 40).