{"code":"INS","codeName":"Insurance Code","section":"11732","citation":"Ins. Code, § 11732","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE [11550. - 11895.]","url":"https://blackletter.si/insurance-code/division-2/part-3"},{"name":"CHAPTER 3. Regulation of Business of Workers’ Compensation Insurance [11690. - 11761.]","url":"https://blackletter.si/insurance-code/division-2/part-3/chapter-3"},{"name":"ARTICLE 2. State Rate Supervision [11730. - 11742.]","url":"https://blackletter.si/insurance-code/division-2/part-3/chapter-3/article-2"}],"history":"Amended by Stats. 2002, Ch. 873, Sec. 2.   Effective January 1, 2003.","effective":"2003-01-01","html":"<p>Rates shall be adequate to cover an insurer’s losses and expenses. Rates shall not tend to create a monopoly in the market. For the purpose of this section, the rates of any individual insurer, other than the State Compensation Insurance Fund, are presumed to create a monopoly in the market if the insurer has a market share, based on a percentage of statewide workers’ compensation premium, equivalent to 20 percent or more of the premium written by all insurers other than the State Compensation Insurance Fund.</p>","text":"Rates shall be adequate to cover an insurer’s losses and expenses. Rates shall not tend to create a monopoly in the market. For the purpose of this section, the rates of any individual insurer, other than the State Compensation Insurance Fund, are presumed to create a monopoly in the market if the insurer has a market share, based on a percentage of statewide workers’ compensation premium, equivalent to 20 percent or more of the premium written by all insurers other than the State Compensation Insurance Fund.","otherVersions":[],"url":"https://blackletter.si/insurance-code/state-rate-supervision-11732","source":"California Legislative Information bulk export (pubinfo)"}