California Insurance Code

§ 1063.3

INS § 1063.3 Effective Jan 1, 2006Div. 1 · Part 2 · Ch. 1 · Art. 14.2

Statute text

To aid in the detection and prevention of member insurer insolvencies:

(a)The board may, upon majority vote, make recommendations to the commissioner on matters pertaining to regulation for solvency.

(b)The board may prepare a report on the history and causes of any member insurer insolvency in which the association was obligated to pay covered claims, based on the information available to the association, and submit that report along with any recommendations resulting therefrom to the commissioner.

…

Legislative history

Amended by Stats. 2005, Ch. 395, Sec. 2. Effective January 1, 2006.