California Insurance Code

§ 10753.12

INS § 10753.12 Effective Sep 30, 2013Div. 2 · Part 2 · Ch. 8.01 · Art. 2

Statute text

(a)A carrier shall not be required to offer coverage or accept applications for benefit plan designs pursuant to this chapter where the carrier demonstrates to the satisfaction of the commissioner both of the following:

(1)The acceptance of an application or applications would place the carrier in a financially impaired condition.

(2)The carrier is applying this subdivision uniformly to all employers without regard to the claims experience of those employers and their employees and dependents or any health status-related factor relating to those employees and dependents.

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Legislative history

Amended by Stats. 2013, 1st Ex. Sess., Ch. 1, Sec. 13. (AB 2 1x) Effective September 30, 2013.