Cal. INS § 11751.9
This is the official text of Cal. INS § 11751.9, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Whenever a claim or claims used in an experience rating are closed and reported pursuant to the unit statistical plan approved by the commissioner and are valued, in the aggregate, at an amount that is less than 60 percent of the highest reported aggregate value of all of these claims, then the experience rating shall be revised pursuant to the uniform experience rating plan approved by the commissioner based on the most current reported values for all claims used in the experience rating.
Status: in_force · Read it on the official government site
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