California Insurance Code

§ 11629.72

INS § 11629.72 Effective Jan 1, 2020Div. 2 · Part 3 · Ch. 1 · Art. 5.5

Statute text

(a)The annual rate offered under the program for each of the counties in California shall be established at a date according to the discretion of the commissioner. Surcharges, as a percentage of the base rate, shall be added to the base rate and that percentage shall be set at the discretion of the commissioner, if the named insured or a resident of the household of the named insured will be a driver of the automobile covered under the low-cost policy, and is a person 16 years of age or older to whom any of the following applies:

(1)Is an unmarried individual between 16 and 24 years of age.

(2)Operates a vehicle with a driver’s license issued by the Department of Motor Vehicles pursuant to Section 12801.9 of the Vehicle Code and has fewer than three years of driving history.

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Legislative history

Amended by Stats. 2019, Ch. 274, Sec. 1. (SB 570) Effective January 1, 2020.