Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 5 - Insurance CommissionerSubchapter 3 - Insurers
Article 7.2 - Objective Guidelines for Rating; Lowest Rates; Rates Charged by Insurers Which Are Members of a Group; Documentation; Upgrades
Section 2360.4 - Insurer to Determine Lowest Premium

Cal. Code Regs. tit. 10 § 2360.4

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Current through Register 2024 Notice Reg. No. 45, November 8, 2024
Section 2360.4 - Insurer to Determine Lowest Premium

It shall be the responsibility of the insurer to determine the lowest Premium for which an insured qualifies in accordance with this chapter. If the insurer delegates this responsibility to an agent, the insurer shall remain responsible for the agent's determination. This responsibility shall not be delegated to the insured's broker.

Cal. Code Regs. Tit. 10, § 2360.4

1. New section filed 12-12-95; operative 1-11-96 (Register 95, No. 50).
2. Change without regulatory effect adding new NOTE filed 2-27-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 9).

Note: Authority cited: Sections 1861.05, 12921, and 12926, Insurance Code. Reference: Sections 1861.05, 1861.135(a), 1861.137(b), 11588, 12120, 12122, and 12713, Insurance Code.

1. New section filed 12-12-95; operative 1-11-96 (Register 95, No. 50).
2. Change without regulatory effect adding new Note filed 2-27-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 9).