Cal. Code Regs. Tit. 22, div. 1, 1, div. 1, pt. 2, ch. 6, tbl. 1

Current through Register 2024 Notice Reg. No. 25, June 21, 2024
Table 1 - Examples Related to Standards for Approval - Admitted Disability Insurer

ItemWagesQualifierSource
(1)State Average Weekly Wage$830.88U.S. Dept. of Labor for the State of CA1
(2)Multiplier to Annualize Weekly Wages52Number of weeks in a year
(3)Annualized State Average Wage$43,205.76Item (1) multiplied by Item (2)
(4)Multiplier for Annualized State Average Wage70%California Code of Regulations (CCR), Title 222, Section 3254(i) - 2(c)(3)
(5)Annual Wage Threshold (Standard for Approval)$30,244.03Item (3) multiplied by Item (4)
(6)Annual Percentage of California Employees Earning Below the Annual Wage Threshold55.0%Employment Development Department
(7)Multiplier for Employment Below the Annual Wage Threshold93.0%CCR Section 3254(i) - 2(c)(3)
(8)Minimum Percentage for Employment Below the Annual Wage Threshold (Standard for Approval)51.2%Item (6) multiplied by Item (7)
ItemGenderQualifierSource
(9)Annual Average Percentage of California Female Employees47.0%U.S. Dept. of Labor for the State of CA1
(10)Multiplier for Minimum Employment Percentage of Female Employees95.0%CCR Section 3254(i) - 2(c)(1)
(11)Minimum Percentage of Employment - Female Employees (Standard for Approval)44.7%Item (9) multiplied by Item (10)
ItemAgeQualifierSource
(12)Annual Average Percentage of California Employees Aged 50 Years and Older23.0%U.S. Dept. of Labor for the State of CA1
(13)Multiplier for Minimum Employment Percentage of Employees Aged 50 Years and Older90.0%CCR Section 3254(i) - 2(c)(2)
(14)Minimum Percentage of Employment - Employees Aged 50 Years and Older (Standard for Approval)20.7%Item (12) multiplied by Item (13)
1 Figures are for illustrative purposes and do not necessarily conform to actual statistics for California employment.
2 All further references in these three tables are to Title 22 of the California Code of Regulations.

Cal. Code Regs. Tit. 22, div. 1, 1, div. 1, pt. 2, ch. 6, tbl. 1