Cal. Insurance Code § 11732
Cal. Insurance Code § 11732
California · California Insurance Code · Status: effective · Effective 2003-01-01
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- Citation
- Cal. Insurance Code § 11732, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/881001
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Full text
Rates shall be adequate to cover an insurer’s losses and expenses. Rates shall not tend to create a monopoly in the market. For the purpose of this section, the rates of any individual insurer, other than the State Compensation Insurance Fund, are presumed to create a monopoly in the market if the insurer has a market share, based on a percentage of statewide workers’ compensation premium, equivalent to 20 percent or more of the premium written by all insurers other than the State Compensation Insurance Fund.