California Health and Safety Code

§ 123210

HSC § 123210 Effective Jan 1, 1996Div. 106 · Part 1 · Ch. 3

Statute text

(a)The term of any contract entered into pursuant to subdivision (a) of Section 123185 shall be determined by the director, but shall not exceed three years.

(b)The contract shall contain a provision authorizing the director to terminate the contract upon giving 60 days’ written notice to the insurer of any of the following causes for termination:

(1)The department has determined that management practices of the insurer or the current financial condition of the insurer interferes with the efficient and timely payment of catastrophic health insurance benefits.

…

Legislative history

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