California Health and Safety Code CHAPTER 2 - Administration

• Section 51610.
  (a)  The agency shall, with respect to the implementation of this part, and notwithstanding any other provision of law, have the general powers set forth...
• Section 51611.
  (a)  The California Housing Loan Insurance Fund is hereby created in the State Treasury. (b)  The California Housing Insurance Fund is hereby renamed the California...
• Section 51614.
  (a) The agency is hereby vested with full power, authority, and jurisdiction over the insurance fund. The agency may perform all acts necessary or convenient in...
• Section 51615.
  (a) Chapter 3.5 (commencing with Section 6250) of Division 7 of Title 1 of, and Article 9 (commencing with Section 11120) of Chapter 1 of, Chapter...
• Section 51616.
  The state shall not be liable beyond the assets of the insurance fund for any obligations in connection therewith.(Added by Stats. 1993, Ch. 115, Sec....
• Section 51620.
  In conducting the business and affairs of the insurance fund, the executive director may do any of the following:(a)  Enter into contracts of insurance. (b)...
• Section 51622.
  (a)  The agency may contract with any private person or public agency for review of the administration of this part and for assistance in implementing...
• Section 51623.
  (a)  The California Housing Loan Insurance Fund, as provided for pursuant to Section 51653 as it read prior to the effective date of the act...
• Section 51624.
  The agency shall prepare a preliminary budget for the agency’s activities under this part on or before December 1 of each year for the ensuing...
• Section 51625.
  (a)  The agency shall cause all moneys in the insurance fund which are in excess of current requirements to be invested and reinvested, from time...
• Section 51626.
  The insurance fund shall be organized as a public enterprise fund.(Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.)
• Section 51627.
  The assets of the insurance fund shall be applicable to the payment of losses sustained on account of insurance and to the payment of the...
• Section 51628.
  The agency shall, after a reasonable time during which it may establish a business, be competitive with other insurers, and it is the intent of...
• Section 51632.
  Claims arising out of activities of the agency on behalf of the insurance fund pursuant to this part are exempted from the provisions of Part...
• Section 51636.
  Except as provided in this part, the agency, on behalf of the insurance fund pursuant to this part, shall not be subject to the provisions...
• Section 51637.
  With respect to the administration of the insurance fund, the agency shall be subject to the provisions of Chapter 10.3 (commencing with Section 3512) of...
• Section 51639.
  The agency shall establish reserve accounts for unearned premiums, losses, and potential catastrophic losses caused by economic cycles. The agency shall not cause sums to...
• Section 51640.
  There is hereby continued in existence a bond insurance reserve account in the insurance fund to secure commitments under contracts to insure bonds. The agency...
• Section 51641.
  The agency may create other accounts within the insurance fund as it deems are necessary or convenient to carry out the purposes of this part.(Added...
• Section 51642.
  (a)  The obligation of the agency and of the state to pay any insurance benefit pursuant to contracts of insurance insuring loans or bonds shall...
• Section 51643.
  The agency shall not be required to pay any tax or assessment on any property owned by the fund or upon the income therefrom.(Added by...
• Section 51643.5.
  (a)  The agency shall be subject to, and comply with, the same reserve certification requirements as mortgage guaranty insurers who are licensed pursuant to Chapter...

Last modified: October 22, 2018