What is insurance code section 11583?
Any person, including any insurer, who makes such an advance or partial payment, shall at the time of beginning payment, notify the recipient thereof in writing of the statute of limitations applicable to the cause of action which such recipient may bring against such person as a result of such injury or death, ...
(f) An insurer shall not delay payment on a claim from a physician or other provider to await the submission of a claim from a hospital or other provider, without citing specific rationale as to why the delay was necessary and providing a monthly update regarding the status of the claim and the insurer's actions to ...
Section 1760 - Home state insured effecting insurance with nonadmitted insurer (a) A home state insured, as defined in subdivision (f) of Section 1760.1, may negotiate and effect insurance to protect himself, herself, or itself against loss, damage, or liability with any nonadmitted insurer.
An intentional and fraudulent omission, on the part of one insured, to communicate information of matters proving or tending to prove the falsity of a warranty, entitles the insurer to rescind.
SECTION 11580.2 of the California Insurance Code as amended in 1961 requires that all automobile bodily injury liability insurance pol- icies issued or delivered in this state shall include provisions for "un- insured motorist" coverage, insuring for sums which the insured is legally entitled to recover as damages for ...
A license to act as a resident property broker-agent, casualty broker-agent, personal lines broker-agent, and limited lines automobile insurance agent shall be prominently displayed by the holder thereof in the license holder's office in a manner whereby anyone may readily inspect it and ascertain both its currency and ...
Section 678 - Offer of renewal or notice of nonrenewal prior to policy expiration (a) (1)At least 45 days before the policy expiration, an insurer shall deliver to the named insured or mail to the named insured at the address shown in the policy, either of the following: (A)An offer of renewal of the policy contingent ...
Insurance Code 1871.4 - Workers' Compensation Fraud
Workers' Compensation Fraud is a serious crime in the state of California. It involves, among other things, intentionally misrepresenting or lying about an injury to obtain workers' compensation benefits, such as medical care or lost wages.
Section 11521 - Reconsideration (a) The agency itself may order a reconsideration of all or part of the case on its own motion or on petition of any party. The agency shall notify a petitioner of the time limits for petitioning for reconsideration.
Any premium that a premium financer agrees to advance pursuant to the terms of a premium finance agreement shall constitute fiduciary funds as defined in this section only if actually received by a person licensed in one or more of the capacities herein specified.
What is Section 1759 of the California Insurance Code?
No administrator shall act as such without a written agreement between the administrator and the insurer, and such written agreement shall be retained as part of the official records of both the insurer and the administrator for the duration of the agreement and five years thereafter.
A policy insuring against losses set forth in subdivision (a) shall not be issued or delivered to any person in this state unless it contains the provisions set forth in subdivision (b).
“Preliminary report”, “commitment”, or “binder” are reports furnished in connection with an application for title insurance and are offers to issue a title policy subject to the stated exceptions set forth in the reports and such other matters as may be incorporated by reference therein.
(f) Every insurer or rating organization shall provide within this state reasonable means whereby any person aggrieved by the application of its filings may be heard by the insurer or rating organization on written request to review the manner in which the rating system has been applied in connection with the insurance ...
Section 1729.2 - Notification of change in background information (a) An applicant or licensee shall notify the commissioner when any of the background information set forth in this section changes after the application has been submitted or the license has been issued.
Licensing Information
Federal law (Title 18 United States Code Section 1033) prohibits anyone who has been convicted of a felony involving dishonesty or a breach of trust from conducting the business of insurance unless they have first obtained the written consent of the Insurance Commissioner.
Section 2070. 2070. All fire policies on subject matter in California shall be on the standard form, and, except as provided by this article shall not contain additions thereto.
Section 662, subdivision (a) provides: “A notice of cancellation of a policy shall not be effective unless mailed or delivered by the insurer to the named insured, lienholder, or additional interest at least 20 days prior to the effective date of cancellation; provided, however, that where cancellation is for ...
(a) It is unlawful to make or cause to be made any knowingly false or fraudulent statement, whether made orally or in writing, of any fact material to the determination of the premium, rate, or cost of any policy of workers' compensation insurance, for the purpose of reducing the premium, rate, or cost of the insurance ...
IRC 671-679 Grantor Trust Rules
Each of these code sections refers to separate powers and attributes of the federal grantor trust tax rules. Noting, that if it turns out that the trust is considered a foreign trust then Internal Revenue Code section 679 takes effect.
What is insurance code section 11580 B )( 2?
(2) A provision that whenever judgment is secured against the insured or the executor or administrator of a deceased insured in an action based upon bodily injury, death, or property damage, then an action may be brought against the insurer on the policy and subject to its terms and limitations, by such judgment ...
Section 1089 - [Operative Until 1/1/2029] Posting of statement of benefit rights and other matters (a) Each employer shall post and maintain, in places readily accessible to individuals in the employer's service, printed statements concerning benefit rights and other matters as may be prescribed by authorized ...
(c)(1) “Vehicle service contract” means a contract or agreement for a separately stated consideration and for a specific duration to repair, replace, or maintain a motor vehicle or watercraft, or to indemnify for the repair, replacement, or maintenance of a motor vehicle or watercraft, necessitated by an operational or ...
Any person who engages, has engaged, or proposes to engage in unfair competition may be enjoined in any court of competent jurisdiction.
(a)(1) Every nonadmitted insurer, in the case of insurance to be purchased by a home state insured pursuant to Section 1760, and surplus line broker, in the case of any insurance with a nonadmitted carrier for a home state insured to be transacted by the surplus line broker, shall be responsible to ensure that, at the ...
