California Insurance Code

§ 929

INS § 929 Effective Jan 1, 2019Div. 1 · Part 2 · Ch. 1 · Art. 10.4

Statute text

(a)(1) On or before April 1, 2020, and every two years thereafter, an admitted insurer with written California premiums totaling ten million dollars ($10,000,000) or more shall submit a report to the commissioner on its residential property experience data for the previous two years for policies written in California.

(2)The premium threshold for reporting shall be increased to twelve million dollars ($12,000,000) for the reports due on April 1, 2026, and shall thereafter be increased every five years by 20 percent of the threshold amount required in the year immediately preceding the increase.

(3)Reports filed on April 1, 2020, shall include data from calendar years 2018 and 2019. Subsequent reports shall likewise include data from the two calendar years immediately preceding the year in which the report is due.

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Legislative history

Added by Stats. 2018, Ch. 616, Sec. 3. (SB 824) Effective January 1, 2019.