Cal. Ins. Code § 1775.7

Current through the 2023 Legislative Session.

Section 1775.7 - Appropriation of money in Insurance Tax Fund

The money in the Insurance Tax Fund received from the commissioner pursuant to Section 1775.6 is hereby appropriated as follows:

(a) To pay the refunds authorized by this chapter.

(b) The balance of the money in the fund shall, on order of the Controller, be transferred to the State General Fund.

Ca. Ins. Code § 1775.7

Added by Stats. 1963, 1st Ex. Sess., Ch. 4.