California Statutes
§ 11733. — 11733. (Amended by Stats. 2002, Ch. 873, Sec. 3.)
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
In determining whether rates comply with Section 11732, the following criteria shall apply:
(a)Due consideration may be given to past and prospective loss and expenses experience within this state, to catastrophe hazards and contingencies, to events or trends within this state, to loadings for leveling premium rates over time or for dividends or savings to be allowed or returned by insurers to their policyholders, members or subscribers, and to all other relevant factors, including judgment.
(b)The expense provisions included in the rates to be used by an insurer shall reflect the operating methods of the insurer and, so far as is credible, its own actual and anticipated expense experience.
(c)The rates may contain a provision for contingencies and an allowance permitting a reasonable p
Free access — add to your briefcase to read the full text and ask questions with AI
California § 11733. (11733. (Amended by Stats. 2002, Ch. 873, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2002, Ch. 873, Sec. 3. Effective January 1, 2003.