California Insurance Code ARTICLE 7 - Transfer of Ownership

• Section 11885.
  (a) The Director of Finance is hereby authorized to act as agent for the state and, in that capacity, to sell a portion of, or otherwise...
• Section 11885.3.
  In order to accomplish the purpose of this article, the State Compensation Insurance Fund and its board of directors shall participate fully in good faith...
• Section 11885.5.
  Notwithstanding any other law, the approval of neither the Attorney General, nor the Insurance Commissioner, nor the Director of General Services is required for execution...
• Section 11885.7.
  (a) The Director of Finance shall deposit all proceeds of any sale of, or any funds achieved through any other disposition of, the State Compensation Insurance...
• Section 11885.9.
  (a) Notwithstanding any other law, the Director of Finance is authorized to enter into agreements with firms or individuals to act as advisers to the state...
• Section 11886.
  (a) The Director of Finance, in consultation with the State Treasurer, shall select firms or individuals to provide advisory services based on demonstrated competence and professional...
• Section 11886.2.
  (a) The Director of Finance shall notify the Joint Legislative Budget Committee in writing upon his or her determination that neither the sale nor any other...

Last modified: October 22, 2018