Section 2550 - Exemptions(a) Insurance in respect to any risk or class of risks described in (b) and (c) is exempt from those provisions of Chapter 11, Part 1, Division 1, of the Insurance Code (commencing with Section 675) other than Section 679.6.(b) The exemption granted in (a) shall apply to insurance (whether on an all-risks basis or a named perils basis) against loss of or damage to personal property under scheduled or blanket personal property floaters whether written separately or as a supplemental contract or endorsement when the aggregate amount of insurance on the schedule or policy exceeds $25,000 or when a single risk exceeds $5,000.(c) The exemption granted in (a) shall apply to all animal mortality policies.Cal. Code Regs. Tit. 10, § 2550
1. New Article 13 (Section 2550) filed 7-19-72; effective thirtieth day thereafter (Register 72, No. 30). Note: Authority cited: Section 679.6, Insurance Code.
1. New Article 13 (Section 2550) filed 7-19-72; effective thirtieth day thereafter (Register 72, No. 30).