California Insurance Code

§ 11698.2

INS § 11698.2 Effective Jan 1, 2003Div. 2 · Part 3 · Ch. 3 · Art. 1

Statute text

If the commissioner enters into a reinsurance and assumption agreement as provided in subdivision (a) of Section 11698.01, that agreement shall provide for all of the following:

(a)The reinsurance and assumption of all those obligations by the reinsuring and assuming insurers.

(b)If there is more than one reinsurer the proportion of all those obligations assumed by each reinsurer and a method for the actual processing and payment of those obligations by the reinsurers or their representatives.

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Legislative history

Added by Stats. 2002, Ch. 899, Sec. 2. Effective January 1, 2003.