Cal. Ins. Code § 10930.7

Current through the 2024 Legislative Session.
Section 10930.7 - When CO-OP insolvent; conservation and liquidation

A CO-OP insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the class of disability and health insurance. The conservation and liquidation provisions of Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 shall apply to CO-OP insurers.

Ca. Ins. Code § 10930.7

Added by Stats 2012 ch 859 (AB 1846),s 3, eff. 1/1/2013.