An experience rating plan shall contain reasonable eligibility standards, provide adequate incentives for loss prevention, and shall provide for sufficient premium differentials so as to encourage safety.
Cal. Ins. Code § 11736
State Rate Supervision
Applied in 1 court decision — leading case 109 Cal. App. 4th 1496 - Simi Corporation v. Garamendi (2003)
Most recently applied in 109 Cal. App. 4th 1496 - Simi Corporation v. Garamendi (June 2003)
Amended by Stats. 1997, Ch. 748, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.