California Insurance Code 10734 – (a) Notwithstanding any other provision of law, the board shall …
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(a) Notwithstanding any other provision of law, the board shall not be subject to licensure or regulation by the Department of Insurance or the Department of Managed Health Care, as the case may be.
(b) Participating carriers that contract with the program shall be licensed and in good standing with their licensing agencies.
Terms Used In California Insurance Code 10734
- Board: means the Major Risk Medical Insurance Board. See California Insurance Code 10700
- Contract: A legal written agreement that becomes binding when signed.
- Program: means the Health Insurance Plan of California. See California Insurance Code 10700
(Amended by Stats. 2000, Ch. 857, Sec. 69. Effective January 1, 2001.)