ARTICLE 14.7. California Life and Health Insurance Guarantee Association [1067. - 1067.19.]
Article 14.7 repealed and added by Stats. 1993, Ch. 974, Sec. 1.7.
§§ 1067–1067.19 · 21 sections
- § 1067 This article shall be known and may be cited as the California Life and Health Insurance Guarantee Association Act.
- § 1067.01 (a) The purpose of this article is to protect, subject to certain limitations, the persons specified in Section 1067.02 against failure in the performance of…
- § 1067.02 (a) This article shall provide coverage for the policies and contracts specified in subdivision (b) to all of the following: (1) To persons who, regardless of…
- § 1067.03 This article shall be liberally construed to effect the purpose under Section 1067.01.
- § 1067.04 As used in this article: (a) “Account” means either of the two accounts created under Section 1067.05. (b) “Association” means the California Life and Health…
- § 1067.05 (a) A nonprofit legal entity to be known as the California Life and Health Insurance Guarantee Association shall exist as a result of the merger of the…
- § 1067.055 In order to provide for the merger of the Seastrand Health Insurance Guaranty Association with and into the California Life Insurance Guaranty Association, the…
- § 1067.06 (a) The board of directors of the association shall consist of not less than 9 nor more than 13 member insurers serving terms as established in the plan of…
- § 1067.07 (a) If a member insurer is an impaired insurer, the association may, in its discretion, and subject to the conditions imposed by the association that do not…
- § 1067.08 (a) For the purpose of providing the funds necessary to carry out the powers and duties of the association, the board of directors shall assess the member…
- § 1067.09 (a) (1) The association shall submit to the commissioner a plan of operation and any amendments thereto necessary or suitable to ensure the fair, reasonable,…
- § 1067.10 In addition to the duties and powers enumerated elsewhere in this article: (a) The commissioner shall do all of the following: (1) Upon request of the board of…
- § 1067.11 To aid in the detection and prevention of insurer insolvencies or impairments: (a) It shall be the duty of the commissioner to do the following: (1) To notify…
- § 1067.12 (a) This article shall not be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a…
- § 1067.13 The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, the Governor, and…
- § 1067.14 The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on real property.
- § 1067.15 There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its agents or employees, the…
- § 1067.16 All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed not less than 180 days from the date an order of…
- § 1067.17 (a) No person, including an insurer, agent, or affiliate of an insurer shall make, publish, disseminate, circulate, or place before the public, or cause…
- § 1067.18 This article shall not apply to any insurer that was declared to be insolvent or impaired, or as to which delinquency proceedings had been commenced, on or…
- § 1067.19 The amendments made to this article by Chapter 334 of the Statutes of 2010 during the 2009–10 Regular Session of the Legislature shall not apply to any member…