California § 11698.01. 11698.01. (Added by Stats. 2002, Ch. 899, Sec. 2.)

California Statutes

§ 11698.01. — 11698.01. (Added by Stats. 2002, Ch. 899, Sec. 2.)

California § 11698.01.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 3.PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE

Ch. 3.CHAPTER 3. Regulation of Business of Workers’ Compensation Insurance

Art. 1.ARTICLE 1. Deposits by Workers’ Compensation Insurers

This text of California § 11698.01. (11698.01. (Added by Stats. 2002, Ch. 899, Sec. 2.)) 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 § 11698.01. (2026).

Text

When the commissioner is authorized to proceed under Section 11698 he or she may do either of the following:

(a)Subject to Sections 11698.2, 11698.21, and 11698.22, enter into reinsurance and assumption agreements with one or more admitted solvent workers’ compensation insurers by the terms of which liability for all those obligations is reinsured and assumed by such insurer.

(b)Use the deposit required pursuant to Section 11691 to pay or procure payment of the insurer’s compensable workers’ compensation claims and those expenses authorized in Section 11698.02.

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When the commissioner is authorized to proceed under Section 11698 he or she may do either of the following:
(a)
Subject to Sections 11698.2, 11698.21, and 11698.22, enter into reinsurance and assumption agreements with one or more admitted solvent workers’ compensation insurers by the terms of which liability for all those obligations is reinsured and assumed by such insurer.
(b)
Use the deposit required pursuant to Section 11691 to pay or procure payment of the insurer’s compensable workers’ compensation claims and those expenses authorized in Section 11698.02.