California Statutes
§ 10930.5. — 10930.5. (Added by Stats. 2012, Ch. 859, Sec. 3.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 9.6. CHAPTER 9.6. Consumer Operated and Oriented Plans
The provisions of Section 699.5 shall apply to any insurer admitted as a CO-OP insurer; however, any loans received by the CO-OP in the form of a solvency or start-up loan shall not be construed as any form of subsidy, ownership, or financial control of the CO-OP insurer within the meaning of Section 699.5.
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California § 10930.5. (10930.5. (Added by Stats. 2012, Ch. 859, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2012, Ch. 859, Sec. 3. (AB 1846) Effective January 1, 2013.