Title INS — California Ins. Code
0 chapters · 3,633 sections in this title.
Ins. Code § 952 Section 952
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Whenever the laws of any other state or country, by reason of which Section 940 is brought into force, are repealed and abrogated, then any deposit with the commissioner under and by reason of that section shall be delivered up to the depositing insurer.
Ins. Code § 953 Section 953
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Whenever a domestic insurer deposits securities with an officer of this State, in order to enable it to do business in another State pursuant to the laws of such other State, if such insurer thereafter ceases to do business in such other State and files conclusive evidence that a…
Ins. Code § 954 Section 954
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The commissioner shall make an annual examination of the securities received by him from each insurer. If it appears at any time that the securities deposited by any such insurer amount to less than the sum required for the purposes for which the deposit was made, he shall notify…
Ins. Code § 955 Section 955
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All appraisal fees collected by the commissioner under the provisions of this article shall be paid into the State treasury in trust and withdrawn as provided by law for withdrawal of trust funds from the State treasury. (Enacted by Stats. 1935, Ch. 145.)
Ins. Code § 956 Section 956
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An account or accounts in one or more banks or savings and loan associations the accounts of which are insured by an agency or instrumentality of the federal government shall be accepted as securities comprising any part of any deposit made with the commissioner.
Ins. Code § 970 Section 970
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(a) The Wildfire Safety and Risk Mitigation Program is hereby established. (b) The purpose of the program is to provide funding to one or more universities for the purpose of creating a research and educational center responsible for developing, demonstrating, and deploying a pub…
Ins. Code § 971 Section 971
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(a) The Wildfire Safety and Risk Mitigation Program shall be administered by the department. (b) The department shall award grants on a competitive basis. The department shall establish minimum standards, funding schedules, and procedures for awarding grants. In determining these…
Ins. Code § 972 Section 972
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In evaluating grant proposals pursuant to this article, the department shall give priority to projects that demonstrate one or more of the following: (a) A benefit to disadvantaged communities determined under Sections 39711 and 39713 of the Health and Safety Code, vulnerable com…
Ins. Code § 973 Section 973
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(a) The department shall create a framework and multiyear plan with available data for the development, demonstration, and deployment of a public wildfire catastrophe model created pursuant to a grant provided by this article. (b) The framework and plan shall be published on the …
Ins. Code § 974 Section 974
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The Wildfire Safety and Risk Mitigation Account is hereby created within the Insurance Fund. Funds in the account shall fund the development, demonstration, and deployment of public wildfire catastrophe modeling.
Ins. Code § 975 Section 975
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Upon implementation of the first round of grants issued pursuant to this article, the department shall identify, publish, and make available on its internet website key milestones for the completion of a public wildfire catastrophe model, including additional research, outreach, …
Ins. Code § 976 Section 976
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The department shall provide recommendations to the Senate Committee on Insurance, Assembly Committee on Insurance, Assembly Committee on Emergency Management, Budget Committees, and the Governor for future budget allocations related to this article before September 1, 2026.
Ins. Code § 977 Section 977
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This article shall not be construed to limit or conflict with the commissioner’s authority regarding rate regulation, or any other provisions of this code.
Ins. Code § 978 Section 978
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This article shall be operative upon appropriation by the Legislature for these purposes.
Ins. Code § 980 Section 980
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As used in this article, “liability” includes liability for losses reported, expenses, taxes, and all other indebtedness not included in those categories. (Enacted by Stats. 1935, Ch. 145.)
Ins. Code § 984 Section 984
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Any mortgage insurer or any mortgage guaranty insurer is insolvent whenever provision for its liabilities and for unearned income would, after exhausting its required insurance surplus, impair its capital paid in so as to reduce it below two hundred fifty thousand dollars ($250,0…
Ins. Code § 985 Section 985
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(a) On or after January 1, 1970, as used in this article and in subdivision (i) of Section 1011, “insolvency” means either of the following: (1) Any impairment of minimum “paid-in capital” or “capital paid in,” as defined in Section 36, required in the aggregate of an insurer by …
Ins. Code § 985.5 Section 985.5
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In the case of the insolvency of an admitted insurer, the commissioner shall prepare a report, which shall be a public record, with respect to the causes and factors which contributed to that insolvency. The report shall be submitted to the Governor and to the Legislature no late…
Ins. Code § 985.6 Section 985.6
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The costs incurred in investigating and preparing the report required by Section 985.5 shall be an expense of administration within the meaning of paragraph (1) of subdivision (a) of Section 1033.
Ins. Code § 986 Section 986
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A life insurer issuing policies on a reserve basis is insolvent whenever its assets are exceeded by the total of the following: (1) the amount necessary to provide for its liabilities; (2) the amount of paid-in capital, as defined in Section 36, required by the provisions of Sect…
Ins. Code § 987 Section 987
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A title insurer is insolvent whenever provision for its liabilities would, after exhausting its required surplus, so far impair its capital paid in as to reduce it below two hundred fifty thousand dollars ($250,000), or below 75 percent of the aggregate par value of its issued ca…
Ins. Code § 988 Section 988
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(a) As used in this section: (1) “Impaired” means a financial situation in which the assets of an insurer are less than the sum of the insurer’s minimum required capital, minimum required surplus and all liabilities as determined in accordance with the requirements for the prepar…
Ins. Code § 989 Section 989
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Any person who does any of the following is guilty of a misdemeanor punishable by not more than one year in county jail: (a) Conceals any property belonging to an insurer. (b) Transfers or conceals in contemplation of a state insolvency proceeding his or her own property or prope…
Ins. Code § 995 Section 995
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(a) As used in this article, “contingent compensation arrangement” means an arrangement having as its purpose the payment of a variable commission by the insurer, depending on the overall operating profit on the insurance business produced and handled by the payee, with other pro…
Ins. Code § 995.1 Section 995.1
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An agent, broker, surplus line broker, general agent or other person operating under a contingent or retrospective compensation arrangement with any insurer shall promptly notify the insurer of every policy claim against the insurer of which he has knowledge with sufficient parti…
Ins. Code § 995.2 Section 995.2
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An insurer shall not claim as an asset by reason of any provision of a contingent or retrospective compensation arrangement, any account due from the other party pursuant to such an arrangement in an amount in excess of the money actually held by such party in a trusteed bank acc…
Ins. Code § 995.3 Section 995.3
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Every person operating under a retrospective or contingent compensation arrangement with any insurer shall report to the insurer within a reasonable time, and policy by policy, the full premium charge including any policy fee made to the insured and the amount of premium and poli…
Ins. Code § 995.4 Section 995.4
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An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall maintain as a liability, as part of its unearned premium reserve the unearned portion of all premium charges made to insureds without deduction for uncoll…
Ins. Code § 995.5 Section 995.5
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An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall report and pay the premium tax liability set forth in the Revenue and Taxation Code on the basis that it has received the full premium charge including po…
Ins. Code § 995.6 Section 995.6
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The provisions of Sections 995.1, 995.2, and 995.3 permitting the commissioner, in certain situations, to examine a person operating under a contingent or retrospective commission arrangement with an insurer at the expense of the insurer, and the other provisions of this article,…
Ins. Code § 995.7 Section 995.7
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The purposes of Section 816 and the provisions of this article are to promote the solvency of insurers and the producers dealing with them under contracts, arrangements and practices therein described; to protect the public from unjustifiable claims practices and the inconvenienc…
Ins. Code § 997 Section 997
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(a) For statement purposes as defined in Article 10 (commencing with Section 900), for insolvency calculations as defined in Article 13 (commencing with Section 980), and for the valuation of the liabilities of insurers for all other purposes, every admitted insurer shall maintai…