California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 3 - Annual Statements
Premiums in Course of Collection
Section 2300 - Premiums in Course of Collection: When May Be Treated as Admitted
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
For purposes of the Annual Statement required of insurers to be filed with the Insurance Commissioner of the State of California on or before March 1 of the current calendar year, the following Premiums in Course of Collection may be treated as "Admitted Assets":
(a) Premiums in course of collection, other than life insurance and annuity premiums, and not more than 3 months past due on December 31 of the preceding calendar year.
(b) Premiums in course of collection, other than life insurance and annuity premiums, for which the Government of the United States or any of instrumentalities is directly liable to the insurer, whether or not more than 3 months past due on December 31 of the preceding calendar year.
All other Premiums in Course of Collection on December 31 of the proceeding calendar year shall be reported and will be treated as "Assets Not Admitted" unless provided otherwise in the Instructions relating to the completion of annual and quarterly statements.
All annual and quarterly statements must be completed in full compliance with the instructions attached thereto and set forth therein.
1. Amendment filed 5-30-74 as procedural and organizational; effective upon filing (Register 74, No. 22.)
Note: Authority cited for 2300 to 2301; Sections 923 and 12921, Insurance Code.
