California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 7.1 - Title Insurance Statistical Plan and Related Rules
Section 2355.4 - Rating Examinations
The Commissioner may, as often as may be reasonable and necessary to assure compliance with the standards and requirements of Article 5.5 and Article 7.1 of Chapter 1, Part 6, Division 2 of the Insurance Code and with such other provisions of the Insurance Code as relate to the business of title insurance, examine every advisory organization, title insurer, underwritten title company or controlled escrow company. Such examination of a title insurer, underwritten title company, or controlled escrow company may include a review of the books, records, accounts, rates, charges, fees, rating plans, rating systems, underwriting rules or policy forms adopted and used by such person or entity and the loss or expense experience and the data, statistics, or information collected or used by it in determining or establishing the rates, charges, fees, rating plans, rating systems, underwriting rules or policy forms which it has adopted and uses. Such examination may include a review of the statistical plan and financial data reports submitted pursuant to subarticle 2. Such examination shall not be a part of a periodic general examination participated in by a representative of more than one state.
1. New section
filed 7-26-2007; operative 11-23-2007 pursuant to Government Code section
11343.4(b)
(Register 2007, No. 30).
2. Repealer of section 2355.4 and renumbering of
former section 2359.7 to new section 2355.4 filed
8-4-2009; operative 9-3-2009 (Register 2009, No. 32).
Note: Authority cited: Sections 12389, 12397.5, 12401.3, 12401.5, 12414.21 and 12407, Insurance Code; and 20th Century Ins. Co. v. Garamendi (1994) 8 Cal.4th 216. Reference: Sections 12401.1 and 12401.2, Insurance Code.
