Earlier editions: 2020-112018-11
DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 2. THE BUSINESS OF INSURANCE 680-1879.8›CHAPTER 1. General Regulations 680-1113›ARTICLE 14.26. California Insurance Guarantee Association Bond Funds 1063.70-1063.78
§ 1063.78
California Insurance Code · 2026 edition · updated 2026-10-04 · California
If the board requests the California Infrastructure and Economic Development Bank to issue bonds pursuant to Section 1063.70, the board shall report all of the following to the Assembly Committee on Insurance and the Senate Committee on Insurance within 60 days of the request, and annually thereafter while the bonds remain outstanding:
(a) The amount of the bonds requested.
(b) The reason for the requested bonds.
(c) Details of covered claims obligations requiring the issuance of bonds.
(d) Planned bond repayment assessments.
(Added by Stats. 2022, Ch. 408, Sec. 15. (AB 2154) Effective January 1, 2023.)
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