California Statutes
§ 11732. — 11732. (Amended by Stats. 2002, Ch. 873, Sec. 2.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 3. PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE·Ch. 3. CHAPTER 3. Regulation of Business of Workers’ Compensation Insurance·Art. 2. ARTICLE 2. State Rate Supervision
Rates shall be adequate to cover an insurer’s losses and expenses. Rates shall not tend to create a monopoly in the market. For the purpose of this section, the rates of any individual insurer, other than the State Compensation Insurance Fund, are presumed to create a monopoly in the market if the insurer has a market share, based on a percentage of statewide workers’ compensation premium, equivalent to 20 percent or more of the premium written by all insurers other than the State Compensation Insurance Fund.
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California § 11732. (11732. (Amended by Stats. 2002, Ch. 873, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2002, Ch. 873, Sec. 2. Effective January 1, 2003.