California Insurance Code CHAPTER 9.6 - Consumer Operated and Oriented Plans

• Section 10930.
  For purposes of this chapter, the following definitions shall apply:(a) “Consumer operated and oriented plan” means a nonprofit member organization or nonprofit member corporation that has...
• Section 10930.1.
  (a) The commissioner shall have the authority to issue a certificate of authority as a disability insurer to a CO-OP that has been organized as a...
• Section 10930.2.
  A domestic or foreign insurer admitted as a CO-OP insurer shall be subject to the same “paid-in capital” or “capital paid-in” requirements as are imposed...
• Section 10930.3.
  (a) A domestic or foreign CO-OP admitted as a CO-OP insurer shall be subject to all of the provisions of this code that are applicable to...
• Section 10930.4.
  (a) A solvency loan obtained by a CO-OP shall be treated as a surplus note and shall be subject to the same requirements as are imposed...
• Section 10930.5.
  The provisions of Section 699.5 shall apply to any insurer admitted as a CO-OP insurer; however, any loans received by the CO-OP in the form...
• Section 10930.6.
  (a) A CO-OP shall be subject at all times to the prohibitions in PPACA against converting or selling to a for-profit or nonconsumer-operated entity at any...
• Section 10930.7.
  A CO-OP insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to...
• Section 10930.8.
  In addition to any applicable requirements in this code for maintaining a certificate of authority, a CO-OP is required at all times to be in...
• Section 10930.9.
  The department may adopt regulations implementing this chapter pursuant to the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division...

Last modified: October 22, 2018