California § 1063.78. 1063.78. (Added by Stats. 2022, Ch. 408, Sec. 15.)

California Statutes

§ 1063.78. — 1063.78. (Added by Stats. 2022, Ch. 408, Sec. 15.)

California § 1063.78.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE

Part 2.PART 2. THE BUSINESS OF INSURANCE

Ch. 1.CHAPTER 1. General Regulations

Art. 14.26.ARTICLE 14.26. California Insurance Guarantee Association Bond Funds

This text of California § 1063.78. (1063.78. (Added by Stats. 2022, Ch. 408, Sec. 15.)) 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. Insurance Code - INS Code § 1063.78. (2026).

Text

If the board requests the California Infrastructure and Economic Development Bank to issue bonds pursuant to Section 1063.70, the board shall report all of the following to the Assembly Committee on Insurance and the Senate Committee on Insurance within 60 days of the request, and annually thereafter while the bonds remain outstanding:

(a)The amount of the bonds requested.

(b)The reason for the requested bonds.

(c)Details of covered claims obligations requiring the issuance of bonds.

(d)Planned bond repayment assessments.

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If the board requests the California Infrastructure and Economic Development Bank to issue bonds pursuant to Section 1063.70, the board shall report all of the following to the Assembly Committee on Insurance and the Senate Committee on Insurance within 60 days of the request, and annually thereafter while the bonds remain outstanding:
(a)
The amount of the bonds requested.
(b)
The reason for the requested bonds.
(c)
Details of covered claims obligations requiring the issuance of bonds.
(d)
Planned bond repayment assessments.