California Insurance Code

§ 12921

INS § 12921 Effective Jan 1, 2022Div. 3 · Ch. 2 · Art. 1

Statute text

(a)The commissioner shall perform all duties imposed upon the commissioner by the provisions of this code and other laws regulating the business of insurance in this state, and shall enforce the execution of those provisions and laws.

(b)In an administrative action to enforce the provisions of this code and other laws regulating the business of insurance in this state, any settlement is subject to all of the following:

(1)The commissioner may delegate the power to negotiate the terms and conditions of a settlement to designated deputy commissioners. The commissioner may delegate the power to approve a settlement, unless the settlement involves any of the following:

…

Legislative history

Amended by Stats. 2021, Ch. 50, Sec. 246. (AB 378) Effective January 1, 2022.