{"code":"HSC","codeName":"Health and Safety Code","section":"51628","citation":"Health & Saf. Code, § 51628","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 31. HOUSING AND HOME FINANCE [50000. - 54949.]","url":"https://blackletter.si/health-and-safety-code/division-31"},{"name":"PART 4. BOND AND LOAN INSURANCE [51600. - 51687.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-4"},{"name":"CHAPTER 2. Administration [51610. - 51643.5.]","url":"https://blackletter.si/health-and-safety-code/division-31/part-4/chapter-2"}],"history":"Amended by Stats. 2003, Ch. 553, Sec. 5.   Effective January 1, 2004.","effective":"2004-01-01","html":"<p>The agency shall, after a reasonable time during which it may establish a business, be competitive with other insurers, and it is the intent of the Legislature that the insurance fund shall ultimately become neither more nor less than self-supporting. However, this section shall not be construed to preclude the insurance fund from operating in a manner that will permit the agency to create additional reserves from operations in order that the agency can maximize its insurance capacity.</p>","text":"The agency shall, after a reasonable time during which it may establish a business, be competitive with other insurers, and it is the intent of the Legislature that the insurance fund shall ultimately become neither more nor less than self-supporting. However, this section shall not be construed to preclude the insurance fund from operating in a manner that will permit the agency to create additional reserves from operations in order that the agency can maximize its insurance capacity.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/administration-51628","source":"California Legislative Information bulk export (pubinfo)"}