Cal. Code Regs. Tit. 10, § 2698.95 - Annual Fee

Current through Register 2021 Notice Reg. No. 52, December 24, 2021

(a) Each admitted disability insurer, as provided for by Insurance Code section 1872.85, shall pay an annual fee of twenty cents ($.20) for each person in this state that is covered by an individual or group disability insurance policy during each calendar year or any part thereof. Such assessment shall also be paid by any other entity, doing business in this state, which is liable for any loss due to health insurance fraud.
(b) Insurers shall report to the Commissioner by December 31 of each calendar year on the number of persons in this state that are covered by an individual or group disability policy.
(c) The annual fee shall be payable upon presentation of an invoice by the Commissioner. Payment of the annual fee shall be considered delinquent if not paid by the insurer within forty-five (45) days of the invoice date and any amount not paid within this period shall be charged a late fee in accordance with Insurance Code section 12995.

Notes

Cal. Code Regs. Tit. 10, § 2698.95

Note: Authority cited: Section 1872.85, Insurance Code; and CalFarm Insurance Company, et al. v. Deukmejian, et al. (1989) 48 Cal.3d 805, 824. Reference: Sections 1872.85 and 12995, Insurance Code.

4. Change without regulatory effect amending subsection (a), repealing subsection (b), relettering subsections and amending newly designated subsection (b) filed 1-2-2015 pursuant to title 1, section 100, subdivision (a)(6), California Code of Regulations (Register 2015, No. 1).

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