Cal. Ins. Code § 11695

Current through the 2023 Legislative Session.
Section 11695 - Deposit fixed when insurer voluntarily ceases to do business

Where an admitted insurer has voluntarily ceased to do in this state the business for which a deposit is required pursuant to Section 11691, the deposit shall be fixed by the commissioner at the amount that he or she deems sufficient for the protection of the beneficiaries of the policies of that insurer.

Ca. Ins. Code § 11695

Added by Stats 2002 ch 899 (SB 2093), s 2, eff. 1/1/2003.