California Insurance Code

§ 1064.13

INS § 1064.13 Effective Jan 1, 2007Div. 1 · Part 2 · Ch. 1 · Art. 14.3

Statute text

(a)Upon receipt of a notice of liquidation the commissioner shall cease imposing, billing or collecting fees and assessments against the subject company pursuant to this code.

(b)Upon receipt of a notice of conservation or administrative supervision the commissioner may cease to impose, bill, or collect fees against the subject company pursuant to this code. Following the date the order has been lifted the commissioner may once again impose, bill, or collect fees against the subject company.

(c)Upon receipt of a notice of liquidation all outstanding invoices, billings or assessments pursuant to this code prior to the date of the notice shall be cancelled.

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Legislative history

Added by Stats. 2006, Ch. 740, Sec. 4.4. Effective January 1, 2007.