Statute · California Insurance Code

Cal. Ins. Code § 995.4 — Obligations of Automobile Insurers and Their Agents Under Contingent and Retrospective Compensation Arrangements

Cal. Ins. Code § 995.4

Type
Statute
Source
California Insurance Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall maintain as a liability, as part of its unearned premium reserve the unearned portion of all premium charges made to insureds without deduction for uncollected charges.

Citator

Cal. Ins. Code § 995.4 — Obligations of Automobile Insurers and Their Agents Under Contingent and Retrospective Compensation Arrangements is in force in the current edition of the Code, and nothing recorded condemns it.

An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall maintain as a liability, as part of its unearned premium reserve the unearned portion of all premium charges made to insureds without deduction for uncollected charges.