California Health and Safety Code

§ 123205

HSC § 123205 Effective Jan 1, 1996Div. 106 · Part 1 · Ch. 3

Statute text

The director shall enter into contracts pursuant to subdivision (a) of Section 123185 only with insurers that meet all of the following criteria, as determined by the director:

(a)The insurer shall be actuarially sound.

(b)The insurer shall be fully self-supported by its policy premiums or charges and investments.

…

Legislative history

Added by Stats. 1995, Ch. 415, Sec. 8. Effective January 1, 1996.