Cal. Code Regs. Tit. 10, § 2642.7 - Lines of Insurance
(a) Wherever in this subchapter insurance is
required to be classified by line, the classification shall be into one of the
following categories:
(1) Fire
(2) Allied Lines
(3) Farmowners multiple peril
(4) Homeowners multiple peril
(5) Commercial multiple peril
liability
(6) Commercial multiple
peril non-liability
(7) Inland
marine
(8) Medical
malpractice
(9)
Earthquake
(10) Other
liability
(11) Products
liability
(12) Private passenger
automobile liability
(13) Private
passenger automobile physical damage
(14) Commercial automobile
liability
(15) Commercial
automobile physical damage
(16)
Aircraft
(17) Fidelity
(18) Surety
(19) Burglary and theft
(20) Boiler and
machinery.
(b) For
purposes of this subchapter, mechanical breakdown and similar insurance
covering loss caused by the failure or malfunction of a component or system of
a motor vehicle, as described in California Insurance Code Section
116(c),
shall be classified as other liability occurrence.
(c) Any insurer or the Commissioner may
disaggregate any of the foregoing lines, except homeowners multiple peril,
private passenger automobile liability, and private passenger automobile
physical damage, into two subcategories, "commodity" and "specialty." Rates for
specialty insurance shall be approved or disapproved using the most sound
actuarial method, consistent with California law, in accordance with the
Actuarial Standards of Practice, and relevant and accepted actuarial
principles, guidelines, and literature.
(d) Specialty insurance shall include:
(1) Any single policy having an annual
premium over $75,000;
(2) Any
policy having a deductible or self-insured retention of $100,000 or
more;
(3) Any excess property,
excess liability, or umbrella policy, where none of the underlying policies
include private passenger automobile liability, private passenger automobile
physical damage, or homeowners coverage, or where the underlying policy is
written by an unaffiliated insurer and covers at least the first $500,000 in
losses;
(4) All policies for
(A) nuclear risks,
(B) pollution legal liability,
(C) product-tampering, product impairment, or
product recall,
(D) kidnap and
ransom,
(E) political
risks,
(F) directors' and officers'
liability,
(G) boiler and machinery
insurance,
(H) fidelity
insurance,
(I) mortgage guaranty
insurance,
(J) employer liability
under the United States Longshoremen's and Harbor Workers' Compensation Act
(33 U.S.C. section
901 et seq.), the Jones Act ( 46 U.S.C.
section 688), the Federal Employer Liability Act (45 U.S.C. section 51
et. seq.), or any similar statute,
(K) excess employer's liability over workers'
compensation insurance,
(L)
differences in conditions coverage,
(M) surety,
(N) credit, and
(O) aviation.
(e) Commodity insurance shall include all
policies in the line that are not defined in this section as
specialty.
Notes
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).
5. Amendment filed 1-3-2007; operative 4-3-2007. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2007, No. 1).
6. New subsection (a)(18), subsection renumbering, amendment of subsections (d)(4)(K)-(L) and new subsections (d)(4)(M)-(O) filed 5-16-2008; operative 5-16-2008. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2008, No. 20).
Note: Authority cited: Sections 1861.01 and 1861.05, Insurance Code; and 20th Century v. Garamendi, 8 Cal.4th 216 (1994). Reference: Sections 1861.01 and 1861.05, Insurance Code; and Calfarm Insurance Company v. Deukmejian (1989) 48 Cal.3d 805.
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).
5. Amendment filed 1-3-2007; operative 4-3-2007. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2007, No. 1).
6. New subsection (a)(18), subsection renumbering, amendment of subsections (d)(4)(K)-(L) and new subsections (d)(4)(M)-(O) filed 5-16-2008; operative 5-16-2008. Submitted to OAL for printing only pursuant to Government Code section 11340.9(g) (Register 2008, No. 20).
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