California Insurance Code

§ 1858.3

INS § 1858.3 Effective Sep 25, 1989Div. 1 · Part 2 · Ch. 9 · Art. 7

Statute text

If after a hearing pursuant to Section 1858.2 the commissioner finds:

(a)That any rate, rating plan, or rating system violates the provisions of this chapter applicable to it, he or she shall issue an order to the insurer or rating organization which has been the subject of the hearing specifying in what respects that violation exists and stating when, within a reasonable period of time, the further use of that rate or rating system by that insurer or rating organization in contracts of insurance made thereafter shall be prohibited. The commissioner may, in addition to that order, direct the insurer or rating organization to take such other corrective action as he or she may deem necessary and proper.

(b)That an insurer, rating organization, advisory organization, or a group, association or other organization of insurers which engages in joint underwriting or joint reinsurance, is in violation of the provisions of this chapter applicable to it other than the provisions dealing with rates, rating plans, or rating systems, he or she may issue an order to that insurer, organization, group, or association which has been the subject of the hearing specifying in what respects that violation exists and requiring compliance within a reasonable time thereafter.

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Legislative history

Amended by Stats. 1989, Ch. 726, Sec. 3. Effective September 25, 1989.