Section 2699.6313 - Overdue Payments; Late Fees; Disqualification for Participating Employers(a) Participating employers whose employer premiums are not paid in full by the due date shall be considered to be overdue. No act or failure to act on the part of a guaranteed association that is collecting premiums for the guaranteed association's members shall encumber the program from proceeding as herein set forth.(b) The program shall notify participating employers of the overdue premium payment and the potential of disqualification from the program within fifteen (15) calendar days following the due date.(c) Overdue employer premiums shall be subject to a late fee equal to 5% of the employer premium.(d) Employer premiums more than thirty-one (31) calendar days overdue shall result in the participating employer being disqualified pursuant to Section 2699.6167(a)(2) or Section 2699.6173(a)(3). The final date of coverage for participating employers who are disqualified pursuant to Section 2699.6167(a)(2) or Section 2699.6173(a)(3) shall be retroactive to the last day for which the employer premium was paid in full.Cal. Code Regs. Tit. 10, § 2699.6313
1. Renumbering and amendment of former section 2699.646 to section 2699.6313 filed 5-27-94; operative 5-27-94 (Register 94, No. 21). Note: Authority cited: Section 10731, Insurance Code. Reference: Section 10731, Insurance Code.
1. Renumbering and amendment of former section 2699.646 to section 2699.6313 filed 5-27-94; operative 5-27-94 (Register 94, No. 21).