(a) The Insurance Department may review any submitted application to determine whether or not the policy or bond form contents or the use thereof would be inconsistent with the Insurance Code or would result in activities and practices by insurers that are unfair, unreasonable or otherwise inconsistent with the Insurance Code.(b) Within fifteen days of receipt by the Department, applications which are not in compliance with applicable procedural requirements of this subchapter or which the Commissioner chooses not to review, may be rejected. A rejection shall constitute an act by the Commissioner on the policy or bond form application and no application that has been rejected shall be deemed approved. In the case of a rejection, the Commissioner shall notify the applicant in writing of the reason(s) for the rejection. Acceptance of a application is not a determination that the application complies with all requirements and shall not constitute a waiver of any requirements.(c) The Commissioner may allow or require an applicant to modify, supplement, or amend an application.(d) A rejection shall be effective on the date it is served.Cal. Code Regs. Tit. 10, § 2196.1
1. New section filed 10-5-90 as an emergency; operative 10-5-90 (Register 90, No. 45). A Certificate of Compliance must be transmitted to OAL by 2-4-90 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 2-4-91 as an emergency operative 2-4-91 (Register 91, No. 7). A Certificate of Compliance must be transmitted to OAL by 6-4-91 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 2-4-91 order transmitted to OAL 5-17-91 and filed 6-17-91 (Register 91, No. 36).
4. Editorial correction of printing error in subsection (b) (Register 91, No. 46). Note: Authority cited: Section 12921, Insurance Code; and CalFarm Insurance Company, et al. v. Deukmejian, et al. (1989) 48 Cal.3d 805, 824. Reference: Section 1855.5(a) and (b), Insurance Code.
1. New section filed 10-5-90 as an emergency; operative 10-5-90 (Register 90, No. 45). A Certificate of Compliance must be transmitted to OAL by 2-4- 90 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 2-4-91 as an emergency operative 2-4-91 (Register 91, No. 7). A Certificate of Compliance must be transmitted to OAL by 6-4-91 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 2-4-91 order transmitted to OAL 5-17-91 and filed 6-17-91 (Register 91, No. 36).
4. Editorial correction of printing error in subsection (b) (Register 91, No. 46).