California Statutes
§ 10722. — 10722. (Added by Stats. 1992, Ch. 1128, Sec. 10.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 8. CHAPTER 8. Small Employer Health Insurance·Art. 3. ARTICLE 3. Voluntary Reinsurance Mechanism
If assessments exceed actual losses and administrative expenses of the fund, the excess shall be held at interest and used by the fund to offset future losses or to reduce fund premiums. As used in this paragraph, “future losses” includes reserves for incurred but not reported claims.
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California § 10722. (10722. (Added by Stats. 1992, Ch. 1128, Sec. 10.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1992, Ch. 1128, Sec. 10. Effective January 1, 1993. Operative July 1, 1993, by Sec. 15 of Ch. 1128.