Cal. Mil. & Vet. Code § 989

Current through the 2023 Legislative Session.
Section 989 - Legislative intent in establishing the Pooled Self-Insurance Fund

It is the intent of the Legislature to establish the Pooled Self-Insurance Fund in order to ensure that each of the department's insurance reserve funds are self-sufficient and adequately maintained for the benefit of the contract purchasers. For reasons of prudent financial management, the department will pool the reserves for the purpose of providing reliable, consistent, and affordable home protection, and to encourage the strengthening of bond ratings, thereby increasing the efficacy of the Veterans' Farm and Home Purchase Act of 1974.

Ca. Mil. and Vet. Code § 989

Added by Stats 2009 ch 502 (AB 1051),s 1, eff. 1/1/2010.