California Insurance Code

§ 10930.7

INS § 10930.7 Effective Jan 1, 2013Div. 2 · Part 2 · Ch. 9.6

Statute text

A CO-OP insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the class of disability and health insurance. The conservation and liquidation provisions of Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 shall apply to CO-OP insurers.

Legislative history

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