Nothing in this chapter shall be construed to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers. A plan for the payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers shall not be deemed a rating plan or system.
Cal. Ins. Code § 1860
Miscellaneous
Applied in 1 court decision — leading case MacKay v. Superior Court (2010)
Most recently applied in MacKay v. Superior Court (October 2010)
Added by Stats. 1947, Ch. 805.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.