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 2360.5 - Rates Charged by Insurers in Insurer Group
Any two or more insurers which are members of an insurer group and which use the same type of Insurance Marketing System and which maintain the same eligibility guidelines for the same or substantially similar insurance, shall place the insured with the company in the group which would charge the insured the lowest Premium. If two or more insurers in the same insurer group use the same type of Insurance Marketing System but apply different rating plans for the same or substantially similar insurance, each insurer shall maintain mutually exclusive eligibility guidelines for the insurance.
1. New section
filed 12-12-95; operative 1-11-96 (Register 95, No. 50).
2. 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 1861.05, 1861.135(a), 1861.137(b), 11588, 12120, 12122, and 12713, Insurance Code.
