Existing law establishes the Department of Insurance, headed by the Insurance Commissioner, which regulates insurers and insurance practices. When an insurer obtains reinsurance, existing law requires them to communicate all the representations of the original insured, and also all the knowledge and information they possess, as specified, which are material to the risk.
This bill would make technical, nonsubstantive changes to that provision.
Statutes affected: AB 1236: 622 INS
02/21/25 - Introduced: 622 INS