§ 11701. — 11701. (Repealed and added by Stats. 2002, Ch. 899, Sec. 2.)

California § 11701.

• Jurisdiction: California
• Code INS: Insurance 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

Text

The commissioner may revoke the certificate of authority to transact workers’ compensation insurance or to reinsure the injury, disablement, or death portions of policies of workers’ compensation under the class of disability insurance in this state of any insurer failing to comply with the requirements of this article. The power vested in the commissioner by this section is additional to any and all other powers and remedies vested in the commissioner by law. Failure to make the deposit required by this article within the required time shall be deemed to constitute a condition of hazard as set forth in Section 1011.

Legislative History

Repealed and added by Stats. 2002, Ch. 899, Sec. 2. Effective January 1, 2003.