California Insurance Code ARTICLE 14.7 - California Life and Health Insurance Guarantee Association
- Section 1067.
This article shall be known and may be cited as the California Life and Health Insurance Guarantee Association Act.(Repealed and added by Stats. 1993, Ch....
- Section 1067.01.
(a) The purpose of this article is to protect, subject to certain limitations, the persons specified in Section 1067.02 against failure in the performance of contractual...
- Section 1067.02.
(a) This article shall provide coverage for the policies and contracts specified in subdivision (b) to all of the following:(1) To persons who, regardless of where they...
- Section 1067.03.
This article shall be liberally construed to effect the purpose under Section 1067.01.(Amended by Stats. 2010, Ch. 334, Sec. 3. (SB 1408) Effective September 27,
- Section 1067.04.
As used in this article:(a) “Account” means either of the two accounts created under Section 1067.05.(b) “Association” means the California Life and Health Insurance Guarantee Association created...
- Section 1067.05.
(a) A nonprofit legal entity to be known as the California Life and Health Insurance Guarantee Association shall exist as a result of the merger of...
- Section 1067.055.
In order to provide for the merger of the Seastrand Health Insurance Guaranty Association with and into the California Life Insurance Guaranty Association, the following...
- Section 1067.06.
(a) The board of directors of the association shall consist of not less than nine nor more than 13 member insurers serving terms as established in...
- Section 1067.07.
(a) If a member insurer is an impaired insurer, the association may, in its discretion, and subject to any conditions imposed by the association that do...
- Section 1067.08.
(a) For the purpose of providing the funds necessary to carry out the powers and duties of the association, the board of directors shall assess the...
- Section 1067.09.
(a) (1) The association shall submit to the commissioner a plan of operation and any amendments thereto necessary or suitable to ensure the fair, reasonable, and equitable...
- Section 1067.10.
In addition to the duties and powers enumerated elsewhere in this article:(a) The commissioner shall do all of the following:(1) Upon request of the board of directors,...
- Section 1067.11.
To aid in the detection and prevention of insurer insolvencies or impairments:(a) It shall be the duty of the commissioner to do the following:(1) To notify the...
- Section 1067.12.
(a) This article shall not be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a...
- Section 1067.13.
The association shall be subject to examination and regulation by the commissioner. The board of directors shall submit to the commissioner, the Governor, and the...
- Section 1067.14.
The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied...
- Section 1067.15.
There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its...
- Section 1067.16.
All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed not less than 180 days from...
- Section 1067.17.
(a) No person, including an insurer, agent, or affiliate of an insurer shall make, publish, disseminate, circulate, or place before the public, or cause directly or...
- Section 1067.18.
This article shall not apply to any insurer that was declared to be insolvent or impaired, or as to which delinquency proceedings had been commenced,...
- Section 1067.19.
The amendments made to this article by Chapter 334 of the Statutes of 2010 during the 2009–10 Regular Session of the Legislature shall not apply...
Last modified: October 22, 2018