California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 7.5 - Unfair or Deceptive Acts or Practices in the Business of Insurance
Article 1 - Fair Claims Settlement Practices Regulations
Section 2695.1 - Preamble
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Section 790.03(h) of the California Insurance Code enumerates sixteen claims settlement practices that, when either knowingly committed on a single occasion, or performed with such frequency as to indicate a general business practice, are considered to be unfair claims settlement practices and are, thus, prohibited by this section of the California Insurance Code. The Insurance Commissioner has promulgated these regulations in order to accomplish the following objectives:
(b) These regulations are not meant to provide the exclusive definition of all unfair claims settlement practices. Other methods, act(s), or practices not specifically delineated in this set of regulations may also be unfair claims settlement practices and subject to California Insurance Code Section 790.03(h) and/or California Insurance Code Section 790.06. These regulations are applicable to the handling or settlement of all claims subject to Article 6.5 of Division 1, Part 2, Chapter 1 of the California Insurance Code, commencing with Section 790, except as specifically provided below:
(c) In recognition of both the unique relationship which exists under a surety bond between the surety, the obligee or beneficiary, and the principal, and the fact that the processing of surety claims is subject to the Unfair Practices Act, beginning with California Insurance Code Section 790, only sections 2695.1 through 2695.6, inclusive, section 2695.10, and sections 2695.12, 2695.13 and 2695.14, inclusive, shall apply to the handling or settlement of claims brought under surety bonds.
(d) These regulations apply to home protection contracts and home protection companies defined in California Insurance Code Section 12740.
(e) All licensees, as defined in these regulations, shall have thorough knowledge of the regulations contained in this subchapter.
(f) Policy provisions relating to the investigation, processing and settlement of claims shall be consistent with or more favorable to the insured than the provisions of these regulations.
(g) The California Insurance Code provides the commissioner with access to all records of an insurer and the power to examine the affairs of every person engaged in the business of insurance to determine if such person is engaged in any unfair or deceptive act or practice. California Insurance Code Section 790.03(h) requires all persons engaged in the business of insurance to effectuate prompt, fair and equitable settlements of claims and to otherwise process claims in a fair and reasonable manner. The Department considers the use of reliable information to be an essential element of the fair and equitable settlement of claims. The fact that information, data or statistical methods used or relied upon by a licensee to process or establish the value of insurance claims is obtained through a third party source shall not absolve the licensee of its legal responsibility to comply with these regulations or to effectuate prompt, fair and equitable settlements of claims. Failure of a licensee to provide the commissioner with requested information sufficient to examine the licensee's claims handling practices may justify a finding that the licensee was in non-compliance with these regulations or other applicable insurance code provisions. Any and all information received pursuant to the Department's request shall be given confidential treatment, as provided in California Insurance Code section 735.5 and California Government Code Section 11180 et seq. When processing or establishing the value of a claim, a licensee shall not be responsible for the accuracy of information provided by a governmental entity, unless the licensee has discovered or been notified of the inaccuracy and has continued to use the information.
1. New subchapter
7.5 (sections 2695.1-2695.17) filed 12-15-92; operative 1-14-93 (Register 92, No.
52).
2. Editorial correction of printing error in HISTORY 1. (Register
93, No. 4).
3. Amendment of subchapter heading and subsection (b), new
subsections (b)(1)-(b)(4), repealer and new subsection (c), amendment of subsection
(d), repealer of subsection (e) and subsection relettering filed 1-10-97; operative
5-10-97 (Register 97, No. 2).
4. Amendment of subchapter heading and new
article 1 heading filed 2-13-2001 as an emergency; operative 2-13-2001 (Register
2001, No. 7). A Certificate of Compliance must be transmitted to OAL by 6-13-2001 or
emergency language will be repealed by operation of law on the following
day.
5. Amendment of subchapter heading and new article 1 heading refiled
6-1-2001 as an emergency; operative 6-13-2001 (Register 2001, No. 22). A Certificate
of Compliance must be transmitted to OAL by 10-11-2001 or emergency language will be
repealed by operation of law on the following day.
6. Amendment of
subchapter heading and new article 1 heading refiled 10-11-2001 as an emergency;
operative 10-11-2001 (Register 2001, No. 41). A Certificate of Compliance must be
transmitted to OAL by 2-8-2002 or emergency language will be repealed by operation
of law on the following day.
7. Certificate of Compliance as to
10-11-2001 order transmitted to OAL 11-14-2001 and filed 12-31-2001 (Register 2002,
No. 1).
8. Amendment of section and NOTE filed 4-24-2003; operative
7-23-2003 (Register 2003, No. 17).
9. Inclusion of informational note
following article heading filed 3-1-2004 (Register 2004, No. 10).
10.
Change without regulatory effect filed 8-4-2004 repealing the informational note
following article heading; depublishing the amendments to the insurance claims
handling practices regulations that were approved by OAL 4-24-2003, but were
enjoined in Personal Insurance Federation and The Surety Association of America v.
John Garamendi; and reinstating replacement regulations that were either (1) in
effect prior to OAL's 4-24-2003 approval of the amendments to the regulations or (2)
were found by the court to be valid, as amended, all pursuant to a court-approved
settlement agreement dated 6-7-2004 (Register 2004, No. 32).
11.
Amendment of subsection (b), repealer and new subsection (c), new subsection (g) and
amendment of NOTE filed 6-1-2006; operative 8-30-2006 (Register 2006, No.
22).
Note: Authority cited: Sections 790.034, 790.10, 1871.1, 12340-12417, inclusive, 12921 and 12926, Insurance Code; and Sections 11152 and 11342.2, Government Code. Reference: Sections 735.5, 790.03(h) and 12740, Insurance Code; and Section 11180, Government Code.