California Insurance Code

§ 10880

INS § 10880 Effective Jan 1, 1997Div. 2 · Part 2 · Ch. 9 · Art. 9

Statute text

In the event a purchasing alliance becomes insolvent, the commissioner shall maintain jurisdiction of the alliance for purposes of protection of the interests of the alliance enrollees. In that event, the commissioner may do any of the following:

(a)Arrange for transfer of coverage from the insolvent purchasing alliance to one that is deemed to be solvent by the commissioner.

(b)Arrange for individual employers or small employers participating in the purchasing alliance to obtain coverage through one or more participating carriers outside of an alliance arrangement.

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Legislative history

Added by Stats. 1996, Ch. 916, Sec. 1. Effective January 1, 1997.