California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 9 - Insurance Fraud
Article 8 - Disability Insurance Fraud Assessment Grant Program
Section 2698.95 - Annual Fee

Universal Citation: 10 CA Code of Regs 2698.95

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

(a) Each admitted disability insurer, as provided for by Insurance Code section 1872.85, shall pay an annual fee of twenty cents ($.20) for each person in this state that is covered by an individual or group disability insurance policy during each calendar year or any part thereof. Such assessment shall also be paid by any other entity, doing business in this state, which is liable for any loss due to health insurance fraud.

(b) Insurers shall report to the Commissioner by December 31 of each calendar year on the number of persons in this state that are covered by an individual or group disability policy.

(c) The annual fee shall be payable upon presentation of an invoice by the Commissioner. Payment of the annual fee shall be considered delinquent if not paid by the insurer within forty-five (45) days of the invoice date and any amount not paid within this period shall be charged a late fee in accordance with Insurance Code section 12995.

1. New article 8 (section 2698.95) and section filed 8-31-2004; operative 8-31-2004 pursuant to Government Code section 11343.4 (Register 2004, No. 36).
2. Amendment of article heading, new subsection (b), subsection relettering and amendment of NOTE filed 11-3-2005; operative 12-3-2005 (Register 2005, No. 44).
3. Amendment of subsection (a) filed 5-20-2013; operative 7-1-2013 (Register 2013, No. 21).
4. Change without regulatory effect amending subsection (a), repealing subsection (b), relettering subsections and amending newly designated subsection (b) filed 1-2-2015 pursuant to title 1, section 100, subdivision (a)(6), California Code of Regulations (Register 2015, No. 1).

Note: Authority cited: Section 1872.85, Insurance Code; and CalFarm Insurance Company, et al. v. Deukmejian, et al. (1989) 48 Cal.3d 805, 824. Reference: Sections 1872.85 and 12995, Insurance Code.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.