Statute · California Insurance Code
Cal. Ins. Code § 10747 — Purchasing Pool for Small Employers
Cal. Ins. Code § 10747
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1993-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The board may adjust payments made to a carrier if the board finds that the carrier has a significantly disproportionate share of high- or low-risk enrollees. Prior to making this finding, the program shall obtain valid data from participating carriers. Reporting requirements shall be…
Citator
Cal. Ins. Code § 10747 — Purchasing Pool for Small Employers is in force in the current edition of the Code, and nothing recorded condemns it.
The board may adjust payments made to a carrier if the board finds that the carrier has a significantly disproportionate share of high- or low-risk enrollees. Prior to making this finding, the program shall obtain valid data from participating carriers. Reporting requirements shall be administratively compatible with the methods of operation of the carrier. Any adjustments to payments shall be prospective and shall utilize demographic and other factors which are actuarially related to risk.