California Insurance Code

§ 128

INS § 128Div. 1 · Part 1 · Ch. 1.5

Statute text

The purposes of this chapter are as follows:

(a)To regulate the formation and operation of risk retention groups and purchasing groups in this state formed pursuant to the federal Liability Risk Retention Act of 1986, to the extent permitted by that law.

(b)To promote the formation and operation of risk retention groups and purchasing groups in this state. Californians who are experiencing difficulty in obtaining liability coverage are encouraged to form and operate risk retention and purchasing groups in this state.

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Legislative history

Added by Stats. 1990, Ch. 1521, Sec. 1.