California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1.5 - Advisory Organizations, Policy and Bond Form Approval
Article 1 - Submission and Approval Procedures; Fees
Section 2195.5 - Information Requirements

Universal Citation: 10 CA Code of Regs 2195.5

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) Each application shall include the following, if applicable:

(1) if the application relates to a new program or line of business, the applicant shall provide a written explanation of the purpose and intent of the new product;

(2) if the application is a revision or replacement of a previously approved form or a form previously made available to insurers for use in California, the application must describe each revision or replacement and the reasons for each revision or replacement, and must include copies of the revised or replaced form;

(3) if the application is a revision of a previously approved form or a form previously made available to insurers for use in California, the application must show a comparison of the new words with the words being replaced or, in lieu of this, bracket the words or matter to be omitted and underline the words or matter to be added on a separate copy of the form. The filing of a revised form or forms must fully describe the intended effect(s) of each element of the revision;

(4) if the application is for a form (such as a rider) which is designed to be used with another document (such as a policy), reference to the document or the type of document with which it is intended to be used shall be made, or, in lieu of this, a copy of the document or a sample of the type of document with which it is intended to be used may be included; a copy of the document or a sample of the type of document shall be provided upon request by the Department;

(5) if the application is submitted to respond or comply with a particular statute, case or decision, reference shall be made thereto including either a citation or a copy of the statute, case or decision.

(b) Any information required by section 2195.5(a) may be included in the transmittal letter or in a separate memorandum. If provided in a separate memorandum, the memorandum shall be attached to the transmittal letter.

(c) Applicants shall be required to provide such additional information as the Commissioner may require for purposes of review.

1. New section filed 10-5-90 as an emergency; operative 10-5-90 (Register 90, No. 45). A Certificate of Compliance must be transmitted to OAL by 2-4-90 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 2-4-91 as an emergency; operative 2-4-91 (Register 91, No. 7). A Certificate of Compliance must be transmitted to OAL by 6-4-91 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 2-4-91 order transmitted to OAL 5-17-91 and filed 6-17-91 (Register 91, No. 36).

Note: Authority cited: Section 12921, Insurance Code; and CalFarm Insurance Company, et al. v. Deukmejian, et al. (1989) 48 Cal.3d 805, 824. Reference: Sections 1855.2 and 1855.5(a), Insurance Code.

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