California Insurance Code

§ 10716

INS § 10716 Effective Jan 1, 1993Div. 2 · Part 2 · Ch. 8 · Art. 2

Statute text

In connection with the offering for sale of any benefit plan design to small employers: Each carrier shall make a reasonable disclosure, as part of its solicitation and sales materials, of the following:

(a)The extent to which the premium rates for a specified small employer are established or adjusted in part based upon the actual or expected variation in claims costs or actual or expected variation in health conditions of the employees and dependents of the small employer.

(b)The provisions concerning the carrier’s ability to change premium rates and the factors other than claim experience which affect changes in premium rates.

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Legislative history

Added by Stats. 1992, Ch. 1128, Sec. 10. Effective January 1, 1993. Operative July 1, 1993, by Sec. 15 of Ch. 1128.