California § 1872.87. 1872.87. (Amended by Stats. 2013, Ch. 321, Sec. 22.)

California Statutes

§ 1872.87. — 1872.87. (Amended by Stats. 2013, Ch. 321, Sec. 22.)

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

(a)Each insurer required to pay special purpose assessments pursuant to Sections 1872.8, 1872.81, 1872.85, 1874.8, or subdivision (a) of Section 1872.86 may, over a reasonable length of time, but in no event later than the calendar year in which the assessment is paid, recoup the special purpose assessments by way of a surcharge on premiums charged for the insurance policies to which those sections apply or by including the assessments within the insurer’s rates. Amounts recouped shall not be considered premiums for any purpose, including the computation of gross premium tax or agents’ commission.

(b)The amount of the surcharge shall be separately stated on either a billing or policy declaration sent to an insured.

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(a)
Each insurer required to pay special purpose assessments pursuant to Sections 1872.8, 1872.81, 1872.85, 1874.8, or subdivision (a) of Section 1872.86 may, over a reasonable length of time, but in no event later than the calendar year in which the assessment is paid, recoup the special purpose assessments by way of a surcharge on premiums charged for the insurance policies to which those sections apply or by including the assessments within the insurer’s rates. Amounts recouped shall not be considered premiums for any purpose, including the computation of gross premium tax or agents’ commission.
(b)
The amount of the surcharge shall be separately stated on either a billing or
policy declaration sent to an insured.

California § 1872.87. (1872.87. (Amended by Stats. 2013, Ch. 321, Sec. 22.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.