California Insurance Code

§ 1215.5

INS § 1215.5 Effective Jan 1, 2018Div. 1 · Part 2 · Ch. 2 · Art. 4.7

Statute text

(a)Transactions by registered insurers with their affiliates are subject to the following standards:

(1)The terms shall be fair and reasonable and consistent with the current version of Section 19 of the NAIC Insurance Holding Company System Model Regulation, subject to the requirements of this article.

(2)Charges or fees for services performed shall be reasonable.

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Legislative history

Amended by Stats. 2017, Ch. 534, Sec. 29. (AB 1699) Effective January 1, 2018.