Cal. Code Regs. tit. 10 § 2360.0 : Investment — Insurance Commissioner — Insurers — OBJECTIVE GUIDELINES FOR RATING; LOWEST RATES; RATES CHARGED BY INSURERS WHICH ARE MEMBERS OF A GROUP; DOCUMENTATION; UPGRADES — Definitions

As used in these sections:

(a) An "Insurer Group" is any two or more insurers which exercise any authority granted in CIC Section 1853.5.

(b) "Eligibility Guidelines" are specific, objective factors, or categories of specific, objective factors, which are selected and/or defined by an insurer, and which have a substantial relationship to an insured's loss exposure.

(c) The term "Premium" shall mean the final amount charged to an insured for insurance after applying all applicable rates, factors, modifiers, credits, debits, discounts, surcharges, fees charged by the insurer and all other items which change the amount the insurer charges to the insured.

(d) A "Rating Plan" is any rating plan, rating system, or method, used by an insurer to develop a final rate or Premium.

(e) An "Insurance Marketing System" is a method of producing or selling insurance. For purposes of this Article there are only three types of Insurance Marketing Systems: (1) marketing through exclusive or captive agents; (2) marketing through independent agents and brokers; and (3) direct marketing by an insurer or non-agent employee of an insurer.

Cal. Code Regs. Tit. 10, § 2360.0

Note: Authority cited: Sections 1861.05, 12921, and 12926, Insurance Code. Reference: Sections 1857, 1861.05, Insurance Code.

1. New article 7.2 and section filed 12-12-95; operative 1-11-96 (Register 95, No. 50).
2 Editorial correction of subsection (e) (Register 96, No. 9).
3. Change without regulatory effect adding new Note filed 2-27-96 pursuant to section 100, title 1, California Code of Regulations (Register 96, No. 9).