DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 8. Small Employer Health Insurance 10700-10752.8›ARTICLE 3. Voluntary Reinsurance Mechanism 10719-10729

§ 10722

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

If assessments exceed actual losses and administrative expenses of the fund, the excess shall be held at interest and used by the fund to offset future losses or to reduce fund premiums. As used in this paragraph, “future losses” includes reserves for incurred but not reported claims.

(Added by Stats. 1992, Ch. 1128, Sec. 10. Effective January 1, 1993. Operative July 1, 1993, by Sec. 15 of Ch. 1128.)

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

Ask AI about this code

Export this section

▸Contents — California Insurance Code

California Insurance 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.