§ 63087.5

For purposes of this chapter:

(a) “Participating party” includes the California FAIR Plan Association.

(b) “Project” has the same meaning as defined in Section 63010, and also includes financing all or any portion of the costs of claims or to increase liquidity and the claims-paying capacity of the California FAIR Plan Association in an amount, together with necessary reserves, capitalized interest, credit or liquidity enhancement costs, or costs of issuance, that may be determined by the California FAIR Plan Association, with prior approval from the Insurance Commissioner, in a request to the bank made pursuant to Section 63049.75.

(Added by Stats. 2025, Ch. 473, Sec. 2. (AB 226) Effective October 9, 2025.)

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Retrieved: 2026-09-24T17:57:18.899269+00:00