Insurance Code § 1860

ARTICLE 9. Miscellaneous

Current as of September 28, 2026Ins. Code, § 1860Official source ↗

Added by Stats. 1947, Ch. 805.

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.