California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 7.2 - Objective Guidelines for Rating; Lowest Rates; Rates Charged by Insurers Which Are Members of a Group; Documentation; Upgrades
Section 2360.0 - Definitions

Universal Citation: 10 CA Code of Regs 2360.0

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

As used in these sections:

(a) An "Insurer Group" is any two or more insurers which exercise any authority granted in CIC Section 1853.5.

(b) "Eligibility Guidelines" are specific, objective factors, or categories of specific, objective factors, which are selected and/or defined by an insurer, and which have a substantial relationship to an insured's loss exposure.

(c) The term "Premium" shall mean the final amount charged to an insured for insurance after applying all applicable rates, factors, modifiers, credits, debits, discounts, surcharges, fees charged by the insurer and all other items which change the amount the insurer charges to the insured.

(d) A "Rating Plan" is any rating plan, rating system, or method, used by an insurer to develop a final rate or Premium.

(e) An "Insurance Marketing System" is a method of producing or selling insurance. For purposes of this Article there are only three types of Insurance Marketing Systems:

(1) marketing through exclusive or captive agents;

(2) marketing through independent agents and brokers; and

(3) direct marketing by an insurer or non-agent employee of an insurer.

1. New article 7.2 and section filed 12-12-95; operative 1-11-96 (Register 95, No. 50).
2 Editorial correction of subsection (e) (Register 96, No. 9).
3. Change without regulatory effect adding new NOTE filed 2-27-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 9).

Note: Authority cited: Sections 1861.05, 12921, and 12926, Insurance Code. Reference: Sections 1857, 1861.05, Insurance Code.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.