Cal. Insurance Code § 10607
Cal. Insurance Code § 10607
California · California Insurance Code · Status: effective
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- Citation
- Cal. Insurance Code § 10607, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/880381
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Full text
In addition to the other disclosures required by this chapter, every insurer and their employees or agents shall, when presenting a plan for examination or sale to any individual or the representative of a group consisting of 25 or fewer individuals, disclose in writing the ratio of incurred claims to earned premiums (loss-ratio) for the insurer’s preceding calendar year. This section shall become operative on March 1, 1991, in order to allow insurers time to comply with its provisions.