California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 1.6 - Advisory Organizations, Manuals Approval
Article 2 - Actions on Approval
Section 2199.3.5 - Standards for Technical or Actuarial Review of Manuals

Universal Citation: 10 CA Code of Regs 2199.3.5

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

A manual shall not be found to contemplate activities or practices that are unfair, unreasonable or otherwise inconsistent with the provisions of the Insurance Code based on the grounds that the contents of the manual fails to meet technical or actuarial requirements unless:

(a) the manual contents violate any provision of the Insurance Code, or

(b) the actuarial analyses underlying the contents of the manual are not actuarially sound according to the standards contained in the Statement of Principles Regarding Property and Casualty Insurance Ratemaking of the Casualty Actuarial Society (CAS) or other generally accepted actuarial standards.

1. New section filed 6-26-96; operative 7-26-96 (Register 96, No. 26).

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