California Insurance Code 11751.9 – Whenever a claim or claims used in an experience rating are closed …
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Whenever a claim or claims used in an experience rating are closed and reported pursuant to the unit statistical plan approved by the commissioner and are valued, in the aggregate, at an amount that is less than 60 percent of the highest reported aggregate value of all of these claims, then the experience rating shall be revised pursuant to the uniform experience rating plan approved by the commissioner based on the most current reported values for all claims used in the experience rating.
(Added by Stats. 1997, Ch. 748, Sec. 4. Effective January 1, 1998.)
Terms Used In California Insurance Code 11751.9
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20