California Insurance Code

§ 11775

INS § 11775Div. 2 · Part 3 · Ch. 4 · Art. 1

Statute text

The fund shall, after a reasonable time during which it may establish a business, be fairly competitive with other insurers, and it is the intent of the Legislature that the fund shall ultimately become neither more nor less than self-supporting. For that purpose loss experience and expense shall be ascertained and dividends or credits may be made as provided in this article.

Legislative history

Enacted by Stats. 1935, Ch. 145.