California Insurance Code

§ 1067.09

INS § 1067.09 Effective Sep 27, 2010Div. 1 · Part 2 · Ch. 1 · Art. 14.7

Statute text

(a)(1) The association shall submit to the commissioner a plan of operation and any amendments thereto necessary or suitable to ensure the fair, reasonable, and equitable administration of the association. The plan of operation and any amendments thereto shall become effective upon the commissioner’s written approval or unless he or she has not disapproved it within 30 days.

(2)If the association fails to submit a suitable plan of operation within 120 days following the effective date of this article or if at any time thereafter the association fails to submit suitable amendments to the plan, the commissioner shall, after notice and hearing, adopt and promulgate those reasonable rules as are necessary or advisable to effectuate the provisions of this article. The rules shall continue in force until modified by the commissioner or superseded by a plan submitted by the association and approved by the commissioner.

(b)All member insurers shall comply with the plan of operation.

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Legislative history

Amended by Stats. 2010, Ch. 334, Sec. 9. (SB 1408) Effective September 27, 2010.