California Insurance Code

§ 11730

INS § 11730 Effective Jan 1, 1994Div. 2 · Part 3 · Ch. 3 · Art. 2

Statute text

The following definitions govern the construction and meaning of the terms used in this article:

(a)“Classification system” or “classification” means a plan, system, or arrangement for recognizing differences in exposure to hazards among industries, occupations, or operations of insurance policyholders.

(b)“Expenses” means that portion of any rate attributable to acquisition, field supervision, collection expenses, general expenses, taxes, licenses, and fees.

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Legislative history

Amended (as added by Stats. 1993, Ch. 228) by Stats. 1993, Ch. 1242, Sec. 3. Effective January 1, 1994. Addition and amendment operative January 1, 1995, pursuant to Stats. 1993, Ch. 228, Sec. 7, as amended by Sec. 43 of Ch. 1242.