California Statutes
§ 51639. — 51639. (Added by Stats. 1993, Ch. 115, Sec. 4.)
California § 51639.
JurisdictionCalifornia
Code HSCHealth and Safety Code - HSC
Div. 31.DIVISION 31. HOUSING AND HOME FINANCE
Part 4.PART 4. BOND AND LOAN INSURANCE
Ch. 2.CHAPTER 2. Administration
This text of California § 51639. (51639. (Added by Stats. 1993, Ch. 115, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Health and Safety Code - HSC Code § 51639. (2026).
Text
The agency shall establish reserve accounts for unearned premiums, losses, and potential catastrophic losses caused by economic cycles. The agency shall not cause sums to be withdrawn from the loan insurance reserve account in amounts which would reduce the moneys therein to less than the insurance reserve requirement, except as necessary to satisfy liabilities arising under contracts of loan insurance. In the event that the loan insurance reserve account is reduced to less than the insurance reserve requirement, the agency shall cease making commitments for, and contracts of, insurance until the loan insurance reserve account has been restored to satisfy that requirement.
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Legislative History
Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.
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Bluebook (online)
California § 51639., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/51639..