California Insurance Code

§ 11753.2

INS § 11753.2 Effective Jan 1, 1996Div. 2 · Part 3 · Ch. 3 · Art. 3

Statute text

(a)If a change in a classification assignment on a workers’ compensation insurance policy is due to an erroneous classification and results in a decreased premium, the classification change shall become effective as of the inception date of a policy in effect on the date the revised classification assignment is published by an insurer or, if the classification is assigned by the designated rating organization, when the insurer and insured are notified in writing by the designated rating organization that the erroneous classification assignment is under review. The revised classification assignment shall be applied as of the inception date of a policy that expired no more than 12 months prior to the date the revised classification assignment was published or the insurer and insured were notified in writing by the designated rating organization that assigned the classification that the erroneous classification assignment was under review, provided that the erroneous classification assignment was applicable to that policy.

(b)If a change in a classification assignment on a workers’ compensation insurance policy is due to an erroneous classification and results in an increased premium, the classification change shall become effective on the effective date of the erroneous classification assignment provided any of the following conditions occur:

(1)The revised classification assignment is published within three months of the effective date or publication date of the erroneous assignment.

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Legislative history

Amended by Stats. 1995, Ch. 375, Sec. 3. Effective January 1, 1996.