ARTICLE 14.2. California Insurance Guarantee Association
Article 14.2 added by Stats. 1969, Ch. 1347.
§§ 1063–1063.19 · 20 sections
- § 1063 (a) Within 60 days after the original effective date of this article, all insurers, including reciprocal insurers, admitted to transact insurance in this state…
- § 1063.1 As used in this article: (a) “Member insurer” means an insurer required to be a member of the association in accordance with subdivision (a) of Section 1063,…
- § 1063.2 (a) The association shall pay and discharge covered claims and, in connection therewith, pay for or furnish loss adjustment services and defenses of claimants…
- § 1063.3 To aid in the detection and prevention of member insurer insolvencies: (a) The board may, upon majority vote, make recommendations to the commissioner on…
- § 1063.4 (a) Insureds entitled to the protection of this article shall cooperate with the association in accordance with their policies in the same manner as they would…
- § 1063.5 (a) (1) To the extent necessary to secure funds for the association for payment of the administrative expenses of the association, covered claims of insolvent…
- § 1063.6 All proceedings in which the insolvent insurer is a party or is obligated to defend a party in any court in the state shall, subject to waiver by the…
- § 1063.7 When a liquidator, domiciliary or ancillary, is appointed in this state for any member insurer, the liquidator shall promptly give notice of his or her…
- § 1063.8 Notwithstanding any other provision of law, the association shall be exempt from all license fees, income, franchise, privilege, property, or occupation taxes…
- § 1063.9 (a) The operation of the association shall at all times be subject to the regulation of the commissioner. The commissioner, or any deputy or examiner, or any…
- § 1063.10 All orders or decisions of the commissioner made pursuant to Chapter 1347, Statutes of 1969 (of which this article is a part) and the provisions thereof as…
- § 1063.11 The commissioner may, upon notice and opportunity for all interested parties to be heard, issue such rules, regulations and orders as may be necessary to carry…
- § 1063.12 (a) The association, its member insurers, and its officers, directors, agents or employees of the association, or its member insurers, shall under no…
- § 1063.13 No member insurer of the association shall engage in the unlawful trade practice defined and condemned in subdivision (g) of Section 790.03.
- § 1063.14 (a) (1) The plan of operation adopted pursuant to subdivision (c) of Section 1063 shall contain provisions whereby each member insurer is required to recoup,…
- § 1063.145 The statement of the amount of surcharge required to be provided under subdivision (b) of Section 1063.14 shall include a description of, and purpose for, the…
- § 1063.15 In any workers’ compensation matter the association shall have the same period of time within which to act or to exercise a right as is accorded to the insurer…
- § 1063.17 (a) All meetings of the board of governors of the association and its investment and audit committees shall be open and public, and all persons shall be…
- § 1063.18 (a) Nothing in this article requires a final determination of a claim in an insolvent insurer’s liquidation proceeding before a covered claim may be submitted…
- § 1063.19 (a) The association may administer the Prescribed Fire Claims Fund established by Section 4500 of the Public Resources Code, subject to prior written approval…