Cal. Insurance Code § 739.9
Cal. Insurance Code § 739.9
California · California Insurance Code · Status: effective · Effective 1997-01-01
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- Citation
- Cal. Insurance Code § 739.9, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/877343
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Full text
(a) The provisions of this article are supplemental to any other provisions of the laws of this state, and shall not preclude or limit any other powers or duties of the commissioner under such laws.
(b) The commissioner may adopt reasonable rules necessary for the implementation of this article.
(c) The commissioner may exempt from the application of this article any domestic property and casualty insurer that does all of the following:
(1) Writes direct business only in this state.
(2) Writes direct annual premiums of five million dollars ($5,000,000) or less.
(3) Assumes no reinsurance in excess of 5 percent of direct premiums written.