California Insurance Code ARTICLE 13.3 - Obligations of Automobile Insurers and Their Agents Under Contingent and Retrospective Compensation Arrangements

• Section 995.
  (a) As used in this article, “contingent compensation arrangement” means an arrangement having as its purpose the payment of a variable commission by the insurer, depending...
• Section 995.1.
  An agent, broker, surplus line broker, general agent or other person operating under a contingent or retrospective compensation arrangement with any insurer shall promptly notify...
• Section 995.2.
  An insurer shall not claim as an asset by reason of any provision of a contingent or retrospective compensation arrangement, any account due from the...
• Section 995.3.
  Every person operating under a retrospective or contingent compensation arrangement with any insurer shall report to the insurer within a reasonable time, and policy by...
• Section 995.4.
  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...
• Section 995.5.
  An insurer, notwithstanding the provisions of any contingent or retrospective compensation arrangement with any person, shall report and pay the premium tax liability set forth...
• Section 995.6.
  The provisions of Sections 995.1, 995.2, and 995.3 permitting the commissioner, in certain situations, to examine a person operating under a contingent or retrospective commission...
• Section 995.7.
  The purposes of Section 816 and the provisions of this article are to promote the solvency of insurers and the producers dealing with them under...

Last modified: October 22, 2018