California Insurance Code

§ 1863

INS § 1863 Effective Oct 1, 1985Div. 1 · Part 2 · Ch. 10

Statute text

Unless the provision or context otherwise requires, the following definitions govern the construction of this chapter:

(a)“Commissioner” means the Insurance Commissioner of this state.

(b)“Net direct premiums” means gross direct premiums written on liability insurance in this state, including the liability portion of the multiperil policies and of automobile insurance policies, less return premiums and any surplus premium deposits. “Net direct premiums” shall not mean any reinsurance premiums or premiums for ocean marine insurance.

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Legislative history

Added by Stats. 1985, Ch. 1362, Sec. 3. Effective October 1, 1985.