California Insurance Code

§ 10930.5

INS § 10930.5 Effective Jan 1, 2013Div. 2 · Part 2 · Ch. 9.6

Statute text

The provisions of Section 699.5 shall apply to any insurer admitted as a CO-OP insurer; however, any loans received by the CO-OP in the form of a solvency or start-up loan shall not be construed as any form of subsidy, ownership, or financial control of the CO-OP insurer within the meaning of Section 699.5.

Legislative history

Added by Stats. 2012, Ch. 859, Sec. 3. (AB 1846) Effective January 1, 2013.