Section 12957 Of Article 3. Procuring Information On Policies From California Insurance Code >> Division 3. >> Chapter 2. >> Article 3.
12957
. The commissioner shall not withdraw approval of a policy
previously approved by him or her except upon those grounds as, in
his or her opinion, would authorize disapproval upon original
submission thereof. Any withdrawal of approval shall be in writing
and shall specify the ground thereof. If the insurer demands a
hearing on a withdrawal, the hearing shall be granted and commenced
within 30 days of the filing of a written demand with the
commissioner. Unless the hearing is commenced, the notice of
withdrawal shall become ineffective upon the 31st day from and after
the date of filing of the demand.
This section shall not apply to policies subject to the provisions
of subdivision (f) of Section 10291.5, or to policies, contracts, or
agreements that were approved under an alternative filing and
approval procedure as provided for in subdivision (f) of Section
10506.4 or subdivision (c) of Section 10507.5.