Cal. Code Regs. tit. 10 § 2147

Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 2147 - (a) Furriers Block Policy

This form has been submitted for a ruling as to whether or not same is permissible for nonadmitted insurers. The request for ruling is based upon a form similar to the Jewelers Block Form but covering furs, namely covering not only merchandise in stock at the assured's permanent location or locations, but outside risk of the insured against fire arid supplementary lines, burglary and other hazards. Unlike the Jewelers Block Form Section 103 of the Insurance Code does not authorize issuance of such policies covering furs as marine insurance.

Forms in nonadmitted insurers covering all hazards of the Furriers Block Policy but specifically excepting fire and supplemental coverages attaching to assured's merchandise at assured's permanent location or locations are permissible for writing in nonadmitted insurers subject to the submission rules.

It will be understood that the rates applying to the several burglary coverages of the Block policy will be not less than those quoted by admitted insurers.

Cal. Code Regs. Tit. 10, § 2147