California Business and Professions Code 17550.55 – No provision of the Insurance Code shall apply to the Travel Consumer …
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No provision of the Insurance Code shall apply to the Travel Consumer Restitution Corporation.
(Added by Stats. 1994, Ch. 1123, Sec. 3. Effective January 1, 1995.)
Terms Used In California Business and Professions Code 17550.55
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.