§ 2644.50. Refiling of Approved Rates.

Latest version.

As a means to determine whether a rate previously approved remains in compliance with the statutory standard set forth in California Insurance Code Section 1861.05(a), for an insurer operating with a rate approved three years ago or longer in the homeowners multiple peril and private passenger auto liability and physical damage lines, the Commissioner may require an insurer to file a rate application.
Nothing in this section shall be construed to specify how often an insurer may make a rate application filing.

HISTORY

1. New article 4.5 (section 2644.50) and new section filed 1-3-2007; operative 4-3-2007. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2007, No. 1).

Note

Note: Authority cited: Sections 1857.2, 1857.3, 1861.01, 1861.05 and 12921, Insurance Code; and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference: Sections 1861.01 and 1861.05, Insurance Code; and Calfarm Insurance Company v. Deukmejian (1989) 48 Cal.3d 805.

                    
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