DIVISION 1. FINANCIAL INSTITUTIONS 99-819›CHAPTER 7. Liquidation and Conservation 600-710›ARTICLE 2. Conservation or Liquidation of an Insured Licensee 620-624
§ 622
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
If the Federal Insurance Agency accepts the appointment in accordance with Section 620, the rights of customers and other creditors of the insured licensee shall be determined in accordance with the applicable provisions of the laws of this state.
(Amended by Stats. 2015, Ch. 190, Sec. 30. (AB 1517) Effective January 1, 2016.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code