California Statutes
§ 10930.7. — 10930.7. (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
A CO-OP insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the class of disability and health insurance. The conservation and liquidation provisions of Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 shall apply to CO-OP insurers.
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California § 10930.7. (10930.7. (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.