California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 12.9 - Life Settlements
Section 2548.1 - Authority and Purpose

Universal Citation: 10 CA Code of Regs 2548.1
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

These regulations are effective pursuant to the authority granted to the Insurance Commissioner by Insurance Code section 10113.35. The purpose of these regulations is to implement and clarify Insurance Code sections 10113.1, 10113.2 and 10113.3.

1. New article 12.9 (sections 2548.1-2548.8) and section filed 12-22-2006; operative 1-21-2007 (Register 2006, No. 51).
2. Repealer of article 12.9 (sections 2548.1-2548.8) and section and new article 12.9 (sections 2548.1-2548.31) and section filed 7-29-2010 as an emergency; operative 7-29-2010. Emergency regulation shall remain in effect, not to be repealed by the Office of Administrative Law, unless repealed by the Department of Insurance pursuant to Insurance Code section 10113.35 (Register 2010, No. 31).
3. Change without regulatory effect amending article heading, section and NOTE filed 1-24-2012 pursuant to section 100, title 1, California Code of Regulations (Register 2012, No. 4).

Note: Authority cited: Section 10113.35, Insurance Code; CalFarm Ins. Co. v. Deukmejian, 48 Cal.3d 805 (1989); 20th Century Ins. Co. v. Garamendi, 8 Cal.4th 216 (1994). Reference: Sections 10113.1, 10113.2 and 10113.3, Insurance Code.

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