California Insurance Code ARTICLE 3 - Voluntary Reinsurance Mechanism

• Section 10719.
  The California Small Group Reinsurance Fund is hereby authorized to be created solely to allow carriers to share in financing the cost of covering high...
• Section 10719.1.
  Any person or entity subject to the requirements of this chapter shall comply with the standards set forth in Chapter 7 (commencing with Section 3750)...
• Section 10720.
  (a) The fund shall be governed by a board of directors, which shall initially be elected by small employer carriers and small employer health care service...
• Section 10720.1.
  The fund shall have the general powers and authority granted under the laws of California to insurance companies and health care service plans licensed to...
• Section 10721.
  The fund shall provide for the financing of its reinsurance and operating costs, including actuarially sound reserves for unpaid losses, by charging members a reinsurance...
• Section 10722.
  If assessments exceed actual losses and administrative expenses of the fund, the excess shall be held at interest and used by the fund to offset...
• Section 10723.
  Any unsatisfied net liability or outstanding assessment owed by an insolvent member participating in the fund shall be assumed by and apportioned among the remaining...
• Section 10724.
  Carriers choosing to participate shall comply with all requirements for participation established by the fund.(Added by Stats. 1992, Ch. 1128, Sec. 10. Effective January 1,...
• Section 10725.
  The fund’s board of directors shall establish the rules, conditions, and procedures pertaining to the reinsurance of members’ risks by the fund.(Added by Stats. 1992,...
• Section 10726.
  Nothing in this article relieves members of participating in the fund from complying with the underwriting and rating provisions included in Article 1 (commencing with...
• Section 10727.
  The fund shall be exempt from any and all taxes.(Added by Stats. 1992, Ch. 1128, Sec. 10. Effective January 1, 1993. Operative July 1, 1993,...
• Section 10728.
  For purposes of agreements entered into pursuant to this article, the fund, and its officers, directors, agents, and employees shall have no liability for any...
• Section 10729.
  The fund shall establish rules, conditions, and procedures relating to the indemnification of any person or member of the fund made a party to any...

Last modified: October 22, 2018