California Insurance Code

§ 1025.5

INS § 1025.5 Effective Sep 27, 2010Div. 1 · Part 2 · Ch. 1 · Art. 14

Statute text

Notwithstanding the provisions of Sections 1021 to 1025, inclusive, the commissioner may, in lieu of requiring claimants to file separate claims:

(a)File a claim himself or herself on behalf of all claimants for return premiums.

(b)Permit any assignee of the right of the insured to a return premium by virtue of a valid assignment, as security or otherwise, made prior to an order under Section 1011 or a seizure under Section 1013, whichever is earlier in time in the particular case, to file one claim as assignee on behalf of all insureds having assigned rights to the assignee, which shall set forth such information as may be required under Section 1023.

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Legislative history

Amended by Stats. 2010, Ch. 334, Sec. 1. (SB 1408) Effective September 27, 2010.