Cal. Ins. Code § 4032

Current through the 2023 Legislative Session.

Section 4032 - Grounds for disapproval of contract

The commissioner shall disapprove any such contract if he finds that it:

(a) Subjects the insurer to excessive charges; or

(b) Is to extend for an unreasonable length of time; or

(c) Does not contain fair and adequate standards of performance; or

(d) Contains other inequitable provisions or provisions which impair the proper interests of policyholders of the insurer.

Ca. Ins. Code § 4032

Added by Stats. 1963, Ch. 1772.