California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 2 - Policy Forms and Other Documents
Article 6.8 - Credit Life and Credit Disability Insurance: Premium Rates
Section 2248.36 - Agricultural and Horticultural Loans
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Rates for coverage on agricultural and horticultural loan commitments as defined in Ins. C. § 10203.35 shall be deemed not reasonable in relation to the benefits provided if they fail to attain the presumptive loss ratios established by § 2248.32(a) based upon experience developed in the preceding 3 years. Such experience may be adjusted for credibility using the Credibility Table in § 2248.40(b). Such rates shall be filed with the Commissioner annually, along with loss experience for the preceding three years, regardless of whether such rates have been adjusted for the year of filing.
(b) Section 2248.32, except for Subsection (a), and §§ 2248.34, 2248.35, 2248.37 and 2248.39 through 2248.42 do not apply to insurance covering agricultural and horticultural loan commitments as defined in Ins. C. § 10203.55.
1. New section filed 4-14-94; operative 5-16-94. Submitted to OAL for printing only pursuant to Government Code section 11343(a)(1) (Register 94, No. 15).
Note: Authority cited: Sections 779.21 and 779.36, Insurance Code. Reference: Sections 779.9, 779.13, 779.16, 10203.5 and 10203.55, Insurance Code; and Credit Insurance General Agents Association v. Payne, (1976) 16 Cal.3d 651.
