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§ 2644.22. Surplus Ratio.

10 CA ADC § 2644.22Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 5. Insurance Commissioner (Refs & Annos)
Subchapter 4.8. Review of Rates
Article 4. Determination of Reasonable Rates
10 CCR § 2644.22
§ 2644.22. Surplus Ratio.
“Surplus ratio” means the reciprocal of the leverage factor. Stated as a formula:
1
surplus ratio =
 
leverage factor

Credits

Note: Authority cited: Sections 1861.01 and 1861.05, Insurance Code; 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference: Sections 1861.01 and 1861.05, Insurance Code; Calfarm Insurance Company v. Deukmejian (1989) 48 Cal.3d 805.
History
1. New section filed 8-13-91 as an emergency; operative 8-13-91 (Register 92, No. 3). A Certificate of Compliance must be transmitted to OAL 12-11-91 or emergency language will be repealed by operation of law on the following day.
2. Repealed by operation of Government Code section 11346.1(g) (Register 92, No. 15).
3. New section refiled 2-14-92 as an emergency; operative 2-14-92 (Register 92, No. 15). A Certificate of Compliance must be transmittted to OAL 6-15-92 or emergency language will be repealed by operation of law on the following day.
4. Repealed by operation of Government Code section 11346.1(g) and new section filed 3-15-95; operative 3-15-95. Submitted to OAL for printing only pursuant to Government Code section 11343(a)(1) (Register 95, No. 11).
This database is current through 3/15/24 Register 2024, No. 11.
Cal. Admin. Code tit. 10, § 2644.22, 10 CA ADC § 2644.22
End of Document