California Insurance Code

§ 1860

INS § 1860Div. 1 · Part 2 · Ch. 9 · Art. 9

Statute text

Nothing in this chapter shall be construed to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers. A plan for the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers shall not be deemed a rating plan or system.

Legislative history

Added by Stats. 1947, Ch. 805.