California Insurance Code

§ 679.9

INS § 679.9 Effective Jan 1, 2004Div. 1 · Part 1 · Ch. 11.5

Statute text

If an insurer changes the annual premium under a policy specified in Section 675, it shall, within 15 business days of a request by the insured, inform the insured in writing of each of the following:

(a)The amount of the premium increase or decrease in comparison to the premium charged in the previous year.

(b)The reason or reasons for the change, including, but not limited to, the deletion of a loss-free credit, the application of a claim-related surcharge, or any other reason related to a claim or policyholder inquiry.

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Legislative history

Added by Stats. 2003, Ch. 571, Sec. 2. Effective January 1, 2004. Operative March 1, 2004, by Sec. 3 of Ch. 571.