California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 4.7 - Private Passenger Automobile Rating Factors
Article 3 - Rating Factors
Section 2632.10 - Approval of Class Plan
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Except as provided in subpart (b) of this section, no insurer may hereafter use a class plan, or charge or collect a premium which does not comply with the provisions of this subchapter or with the provisions of the California Insurance Code. No insurer may offer, sell or renew a policy of automobile insurance, or collect a premium for a policy of automobile insurance which is not calculated in accordance with a class plan that complies with this subchapter.
(b) Prior to the approval of a class plan which has been submitted to the Commissioner in good faith and which complies with the provisions of this chapter and the Insurance Code, an insurer may continue to use rates and premiums that are calculated pursuant to a class plan that has been approved by the Commissioner.
1. Certificate of Compliance as to 3-17-94 order including repealer and new section transmitted to OAL 7-12-94 and filed 8-23-94; operative 9-22-94 (Register 94, No. 34). For prior history, see Register 94, No. 11.
Note: Authority cited: Sections 1861.02, 12921 and 12926, Insurance Code. Reference: Sections 1861.02 and 1861.05, Insurance Code.
