Skip to content
ChatProjectCodes

DIVISION 1. FINANCIAL INSTITUTIONS 99-819›CHAPTER 7. Liquidation and Conservation 600-710›ARTICLE 2. Conservation or Liquidation of an Insured Licensee 620-624

§ 623

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

The Federal Insurance Agency conservator, liquidator, or receiver shall possess with respect to the insured licensee all the powers, rights, and privileges given the commissioner under this article with respect to the conservation or liquidation of a licensee, as appropriate, and the property and assets of which he or she has taken possession, except insofar as the same may be in conflict with the provisions of applicable federal law.

(Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Financial Code
California Financial Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.