Insurance Code § 10930.5

CHAPTER 9.6. Consumer Operated and Oriented Plans

Current as of September 28, 2026Ins. Code, § 10930.5Official source ↗

Added by Stats. 2012, Ch. 859, Sec. 3. (AB 1846) Effective January 1, 2013.

The provisions of Section 699.5 shall apply to any insurer admitted as a CO-OP insurer; however, any loans received by the CO-OP in the form of a solvency or start-up loan shall not be construed as any form of subsidy, ownership, or financial control of the CO-OP insurer within the meaning of Section 699.5.