Current through the 2024 Legislative Session.
Section 11629.7 - Establishment of plan; plan for equitable apportionment among insurers(a) There is established, within the California Automobile Assigned Risk Plan established under Section 11620, a low-cost automobile insurance program for all counties in California.(b) The commissioner, after a public hearing, shall approve or issue a reasonable plan for the equitable apportionment, among insurers required to participate in the California Automobile Assigned Risk Plan established under Section 11620, of persons who are eligible to purchase through the program a low-cost automobile insurance policy, as described in Section 11629.71. The program shall be conducted in conjunction with the California Automobile Assigned Risk Plan established under Section 11620.Amended by Stats 2014 ch 487 (SB 1273),s 1, eff. 1/1/2015.Amended by Stats 2005 ch 435 (SB 20),s 2, eff. 1/1/2006EFFECTIVE 1/1/2000. Added October 10, 1999 (Bill Number: SB 171) (Chapter 794).