Existing law provides for the regulation of insurance by the Insurance Commissioner. Existing law requires insurers to obtain approval from the commissioner to use various documents or processes related to insurance.

This bill would require the commissioner, if he or she has approved a class plan, a rating methodology, an underwriting or eligibility rule, or a policy form for use by an insurer that writes automobile insurance or insurance for loss or damage to real property, as specified, and the use is still allowed, to allow the use of that plan, methodology, rule, or form by another insurer of the same class, upon a proper filing by that insurer.