California § 11732 - Rates shall be adequate to cover an insurer

Full text of California Public Contract Code - PCC § 11732 — Rates shall be adequate to cover an insurer, with citation guidance and answers to common questions.

§ 11732. Rates shall be adequate to cover an insurer

Rates shall be adequate to cover an insurer’s losses and expenses. Rates shall not tend to create a monopoly in the market. For the purpose of this section, the rates of any individual insurer, other than the State Compensation Insurance Fund, are presumed to create a monopoly in the market if the insurer has a market share, based on a percentage of statewide workers’ compensation premium, equivalent to 20 percent or more of the premium written by all insurers other than the State Compensation Insurance Fund.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 11732

What does Public Contract Code - PCC § 11732 cover?

Section 11732 ("Rates shall be adequate to cover an insurer") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 11732?

A common citation format is "Public Contract Code - PCC § 11732" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 11732 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.