Cal. Health & Saf. Code § 123205

Current through the 2024 Legislative Session.

Section 123205 - Criteria for insurers

The director shall enter into contracts pursuant to subdivision (a) of Section 123185 only with insurers that meet all of the following criteria, as determined by the director:

(a) The insurer shall be actuarially sound.

(b) The insurer shall be fully self-supported by its policy premiums or charges and investments.

(c) The insurer shall use advertising that is accurate.

Ca. Health and Saf. Code § 123205

Added by Stats. 1995, Ch. 415, Sec. 8. Effective January 1, 1996.