DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 4. MISCELLANEOUS CASUALTY INSURANCES 12050-12129›CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances 12050-12122›ARTICLE 5. Financial Guaranty Insurance 12100-12122
§ 12120
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
An admitted financial guaranty insurance corporation with respect to financial guaranty insurance rates, shall not be subject to Sections 1861.01 and 1861.05, except that financial guaranty insurance rates shall not be excessive, inadequate, or unfairly discriminatory or otherwise in violation of Chapter 9 (commencing with Section 1850) of Part 2 of Division 1.
(Added by Stats. 1990, Ch. 1032, Sec. 6.)
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