California Insurance Code 4032 – The commissioner shall disapprove any such contract if he finds that …
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The commissioner shall disapprove any such contract if he finds that it:
(a) Subjects the insurer to excessive charges; or
Terms Used In California Insurance Code 4032
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Contract: A legal written agreement that becomes binding when signed.
(b) Is to extend for an unreasonable length of time; or
(c) Does not contain fair and adequate standards of performance; or
(d) Contains other inequitable provisions or provisions which impair the proper interests of policyholders of the insurer.
(Added by Stats. 1963, Ch. 1772.)