Cal. Code Regs. tit. 10 § 2214

Current through Register 2024 Notice Reg. No. 41, October 11, 2024
Section 2214 - Rate Schedules
(a) Where the rates to be used with a submitted document are required to be filed or approved, they shall be included with the initial submission of the document. The Commissioner will charge a separate fee for action on a rate schedule.
(b) An insurer submitting a revision of previously filed or approved rate schedules shall also submit a cover letter that specifies:
(1) The nature of the revision relative to the previously filed or approved rate schedules, including whether it will result in increases in premiums charged to existing insureds;
(2) The date of filing or approval of the rate schedule being revised; and,
(3) The form numbers and approval dates of the forms with which the revised rates are to be used.
(4) The Commissioner reserves the right to request additional information concerning revised rate schedules.
(c) Submissions of increases in previously filed or approved rate schedules which will result in increases in premiums charged to existing insureds shall be made in duplicate. Such submissions shall include copies of the revised rate schedules, but in the alternative, submitters may submit schedules displaying the revised rates to be charged to each California resident affected. Insurers desiring that rate filing supporting material be kept confidential in the Department's files must either physically segregate that material from the rate schedules in a paper filing or file the supporting material as supporting documents in an electronic filing.
(d) Actuarially equivalent or deviated credit life and/or credit disability rates shall be submitted pursuant to any then-current rules of the Commissioner pertaining thereto. In the absence of such rules, submissions of such rates need not specify the form numbers of the documents with which they are to be used, but shall specify the type and amount of the deviation, the class of business, the type of coverage and the name of the creditor or creditors to which the deviated or equivalent rates will apply.

Cal. Code Regs. Tit. 10, § 2214

1. Renumbering of former section 2214 to section 2215 and renumbering of former section 2213 to section 2214, including amendment of section and repealer and new NOTE, filed 2-11-97; operative 3-13-97 (Register 97, No. 7).
2. Amendment of section and NOTE filed 2-4-2016; operative 4-1-2016 (Register 2016, No. 6).

Note: Authority cited: Sections 742.43, 779.21, 10192.3, 10234, 10327, 10704, 12921.6 and 12973.9, Insurance Code. Reference: Sections 742.42, 779.8, 795.5, 1320, 10112.5, 10113.95(c), 10123.36, 10123.135, 10123.137(d), 10133.5, 10181.3, 10192.13(a)(7), 10192.14(b)(1), 10192.15, 10198.61, 10231.2, 10231.6, 10232, 10236.11, 10236.13, 10270.93, 10271, 10271.1, 10290, 10292, 10295.2, 10436, 10705, 10717, 10753.05, 10753.17, 12921.6 and 12973.9, Insurance Code.

1. Renumbering of former section 2214 to section 2215 and renumbering of former section 2213 to section 2214, including amendment of section and repealer and new Note, filed 2-11-97; operative 3-13-97 (Register 97, No. 7).
2. Amendment of section and Note filed 2-4-2016; operative 4/1/2016 (Register 2016, No. 6).