California Health and Safety Code 123205 – The director shall enter into contracts pursuant to subdivision (a) …
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The director shall enter into contracts pursuant to subdivision (a) of Section 123185 only with insurers that meet all of the following criteria, as determined by the director:
(a) The insurer shall be actuarially sound.
Terms Used In California Health and Safety Code 123205
- Director: means "State Director of Health Services. See California Health and Safety Code 21
- Insurer: as used in this chapter includes a disability insurer that covers hospital, medical, or surgical expenses, and a nonprofit hospital service plan. See California Health and Safety Code 123180
(b) The insurer shall be fully self-supported by its policy premiums or charges and investments.
(c) The insurer shall use advertising that is accurate.
(Added by Stats. 1995, Ch. 415, Sec. 8. Effective January 1, 1996.)