California Insurance Code

§ 10100.3

INS § 10100.3 Effective Oct 9, 2025Div. 2 · Part 1 · Ch. 9

Statute text

(a)If granted prior approval from the commissioner, the association may do all of the following:

(1)Request the California Infrastructure and Economic Development Bank to issue bonds from time to time to finance all or any portion of the costs of claims or to increase liquidity and claims-paying capacity, pursuant to Section 63049.75 of the Government Code.

(2)Enter into loan agreements with the California Infrastructure and Economic Development Bank, pursuant to Section 63049.75 of the Government Code.

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Legislative history

Added by Stats. 2025, Ch. 473, Sec. 3. (AB 226) Effective October 9, 2025.