California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 9 - Workers' Compensation Insurance. Dividends (Refunds) to Policyholders. Regulations Governing Classification of Risks and Premium Rates, Policy and Endorsement Forms
Section 2506 - Sanctions for Unfair Practices or Misrepresentations Regarding Workers' Compensation Dividends

Universal Citation: 10 CA Code of Regs 2506

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

Any representation as to future dividends, or statements as to prior dividends declared or paid, issued by any insurer, agent, broker, or solicitor to induce a prospective policyholder to accept a policy, or to induce a policyholder to retain or renew a policy, failing to conform to this article shall be deemed an unfair practice or misrepresentation, subject to sanctions set forth in Insurance Code Sections 782, 783, 783.5 and 790.04 et seq.

1. Change without regulatory effect adding new NOTE filed 1-8-2015 pursuant to section 100, title 1, California Code of Regulations (Register 2015, No. 2).

Note: Authority cited: Section 790.10, Insurance Code. Reference: Sections 780, 781, 782, 783, 783.5, 784, 790, 790.01, 790.02, 790.03, 790.035, 790.036, 790.04, 790.05, 790.06, 790.07, 790.08 and 790.09, Insurance Code.

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