California Insurance Code

§ 11751.1

INS § 11751.1 Effective Jan 1, 1994Div. 2 · Part 3 · Ch. 3 · Art. 3

Statute text

To obtain and retain a license, a rating organization shall provide satisfactory evidence to the commissioner that it shall do all of the following:

(a)Permit any insurer to become a member at a reasonable cost and without discrimination, or to withdraw therefrom.

(b)Neither have nor adopt any rule or exact any agreement, the effect of which would be to require any member as a condition of membership to adhere to any rates.

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Legislative history

Amended by Stats. 1993, Ch. 228, Sec. 5. Effective January 1, 1994. Operative January 1, 1995, by Sec. 7 of Ch. 228.