California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 4.10 - Rates for Credit Property Insurance and Credit Unemployment Insurance
Article 6 - Reporting Requirements
Section 2670.21 - Annual Experience Reports
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Each insurer subject to this Subchapter shall file an annual report of its credit property insurance and credit unemployment insurance experience statistics with the Commissioner no later than May 1 of the year following the calendar year reported. All annual reports of experience statistics shall be filed with the California Department of Insurance, Rate Regulation Division, Rate Specialist Bureau, 300 South Spring Street, 14th Floor, Los Angeles, California 90013.
(b) Each type of insurance as defined in this Subchapter shall be reported separately on the Credit Property Insurance Experience Report and Credit Unemployment Insurance Experience Report forms prescribed by the Commissioner. The experience report for insurance programs not defined in this Subchapter shall include brief descriptions of the coverages provided. The experience for each type of coverage shall be reported separately. The Commissioner reserves the right to require that the reports be filed in electronic media form. Each insurer shall maintain experience data on an annual basis for its business subject to this Subchapter for at least five (5) years. Experience statistics generated under conditions different from those assumed in this Subchapter shall be reported separately.
(c) Credit insurance experience generated by business issued before the effective date of this Subchapter shall be maintained and reported separately from experience generated under this Subchapter.
1. New article 6
(sections 2670.21-2670.22) and section filed 3-10-2003; operative 4-9-2003.
Submitted to OAL for printing only pursuant to Government Code section
11343.8 as a
regulation that establishes rates in accordance with Government Code section
11340.9(g)
(Register 2003, No. 10).
2. Change without regulatory effect withdrawing
and repealing article 6 (sections 2670.21-2670.22) and section pursuant to
settlement agreement in Consumer Credit Insurance Association v. John Garamendi
(California Superior Court No. 03CS00533) filed 5-27-2004 pursuant to section
100, title 1, California Code of
Regulations (Register 2004, No. 22).
3. New article 6 (sections
2670.21-2670.22) and section filed 4-28-2006; operative 5-28-2006. Submitted to OAL
for printing only pursuant to Government Code section
11343.8 as a
regulation that establishes rates in accordance with Government Code section
11340.9(g)
(Register 2006, No. 17).
Note: Authority cited: Sections 779.21, 779.36, 12921 and 12926, Insurance Code; Credit Insurance General Agents Association v. Payne, 16 Cal.3d 651 (1976); and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference: Section 779.36, Insurance Code.
