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

§ 621

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

The Federal Insurance Agency may be, and act as, a conservator, liquidator, or receiver without bond.

(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.