California Statutes

§ 1872.81. — 1872.81. (Amended by Stats. 2014, Ch. 407, Sec. 1.)

California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 12. CHAPTER 12. The Insurance Frauds Prevention Act·Art. 2. ARTICLE 2. Bureau of Fraudulent Claims

In addition to the special purpose assessment imposed pursuant to Section 1872.8, effective July 1, 2014, an insurer doing business in this state shall, until January 1, 2016, pay to the commissioner an annual special purpose assessment of twenty-six cents ($0.26), and thereafter pay to the commissioner an annual special purpose assessment in an amount not to exceed twenty-six cents ($0.26), as determined by the commissioner, for each vehicle insured under an insurance policy it issues in this state, for expenditure, upon appropriation by the Legislature, as follows:

(a)Two-thirds of the special purpose assessment shall be used for the purpose of funding the consumer service functions of the department that are related to regulating automobile insurers, including those functions per

Free access — add to your briefcase to read the full text and ask questions with AI

California § 1872.81. (1872.81. (Amended by Stats. 2014, Ch. 407, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2014, Ch. 407, Sec. 1. (AB 1395) Effective January 1, 2015.

Nearby Sections

15
View on official source ↗