California Insurance Code 13901 – (a) The pooling arrangement established pursuant to this …
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(a) The pooling arrangement established pursuant to this division shall not be considered insurance, and shall not be subject to regulation under this code.
(b) All affordable housing entities participating in a pooling arrangement established pursuant to this division shall be given written notice, in at least 10-point type, that the pool is not regulated by the Insurance Commissioner and that the state insurance insolvency guaranty funds are not available to safeguard its risk.
Terms Used In California Insurance Code 13901
- 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
(Added by Stats. 2010, Ch. 384, Sec. 1. (AB 2327) Effective January 1, 2011.)