California Insurance Code 11695 – Where an admitted insurer has voluntarily ceased to do in this state …
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Where an admitted insurer has voluntarily ceased to do in this state the business for which a deposit is required pursuant to Section 11691, the deposit shall be fixed by the commissioner at the amount that he or she deems sufficient for the protection of the beneficiaries of the policies of that insurer.
(Repealed and added by Stats. 2002, Ch. 899, Sec. 2. Effective January 1, 2003.)
Terms Used In California Insurance Code 11695
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28