California Insurance Code 935.9 – Any insurer failing, without just cause, to timely file the ORSA …
Current as of: 2024 | Check for updates
|
Other versions
Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in this article shall be subject to the late filing fees set forth in Section 924. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
(Added by Stats. 2013, Ch. 238, Sec. 1. (AB 584) Effective January 1, 2014. Section operative January 1, 2015, pursuant to Section 935.11.)
Terms Used In California Insurance Code 935.9
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20