California § 12975. 12975. (Amended by Stats. 2017, Ch. 534, Sec. 90.)

California Statutes

§ 12975. — 12975. (Amended by Stats. 2017, Ch. 534, Sec. 90.)

California·Code INS Insurance Code - INS·Div. 3. DIVISION 3. THE INSURANCE COMMISSIONER·Ch. 2. CHAPTER 2. Powers and Duties·Art. 4. ARTICLE 4. Fees

Whenever, by the provisions of this code a duty, right, privilege, or power is imposed or conferred upon the commissioner, but it is provided that the expense of performance of that duty or exercise of that right, privilege, or power is to be paid in advance or otherwise out of sources other than the Insurance Fund, the commissioner may defray that expense, or any portion thereof, out of the appropriation for the support of the Department of Insurance without regard to prospect of repayment. The repayment of those moneys, not to exceed one thousand one hundred twenty-one dollars ($1,121) shall be a debt of and a lien against the assets of every person otherwise chargeable with that payment and shall constitute a preferred claim in all proceedings in bankruptcy or insolvency to the same ext

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Whenever, by the provisions of this code a duty, right, privilege, or power is imposed or conferred upon the commissioner, but it is provided that the expense of performance of that duty or exercise of that right, privilege, or power is to be paid in advance or otherwise out of sources other than the Insurance Fund, the commissioner may defray that expense, or any portion thereof, out of the appropriation for the support of the Department of Insurance without regard to prospect of repayment. The repayment of those moneys, not to exceed one thousand one hundred twenty-one dollars ($1,121) shall be a debt of and a lien against the assets of every person otherwise chargeable with that payment and shall constitute a preferred claim in all proceedings in bankruptcy or insolvency to the same extent as claims for
compensation due employees for wages and salaries and claims for expenses of conservatorship or liquidation in proceedings under Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1.

California § 12975. (12975. (Amended by Stats. 2017, Ch. 534, Sec. 90.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.