California Insurance Code Section 12739.75

CA Ins Code § 12739.75 (2017)  

The board shall establish a reserve that is sufficient to prudently operate the program, unless the federal Department of Health and Human Services establishes other procedures to maintain a prudent reserve.

(Added by Stats. 2010, Ch. 32, Sec. 3. (AB 1887) Effective June 29, 2010. Repealed as of January 1, 2020, pursuant to Section 12739.76.)

Last modified: October 25, 2018