California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1.5 - Advisory Organizations, Policy and Bond Form Approval
Article 2 - Actions on Approval
Section 2196.4 - Revocation of Approval
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Approval of a policy or bond form application may be revoked for good cause, after a hearing is held as set forth in article 3 of this subchapter. Good cause to revoke approval shall include forms that by their contents or as utilized are unfair, unreasonable or otherwise inconsistent with the provisions of the Insurance Code.
(b) Revocations of approvals shall be in writing, served on the applicant.
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will be repealed by operation of law on the following day.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repealed by operation of law on the following day.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 1855.5(a) and (b), Insurance Code.
