CA Ins Code Section 4032

The commissioner shall disapprove any such contract if he finds that it:

(a)

Subjects the insurer to excessive charges; or

(b)

Is to extend for an unreasonable length of time; or

(c)

Does not contain fair and adequate standards of performance; or

(d)

Contains other inequitable provisions or provisions which impair the proper interests of policyholders of the insurer.