California Statutes
§ 12960. — 12960. (Added by Stats. 2022, Ch. 717, Sec. 1.)
California·Code INS Insurance Code - INS·Div. 3. DIVISION 3. THE INSURANCE COMMISSIONER·Ch. 2. CHAPTER 2. Powers and Duties·Art. 3. ARTICLE 3. Procuring Information on Policies
The commissioner shall, by February 1, 2023, distribute a bulletin soliciting rate applications from insurers to account for the change to the financial responsibility law in Division 7 (commencing with Section 16000) of the Vehicle Code that will go into operation on January 1, 2025, and require the applications to be submitted by July 1, 2023. A rate change shall only go into effect on or after January 1, 2025, the operative date of the change in the financial responsibility law.
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California § 12960. (12960. (Added by Stats. 2022, Ch. 717, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2022, Ch. 717, Sec. 1. (SB 1107) Effective January 1, 2023.