(a) Each organization issuing policies certified by the State Department of Health Care Services under this division shall each year contribute to a fund to be used for common educational and marketing expenses for reaching the target population designated by the California Partnership for Long-Term Care Program. The amount of each participating issuer’s required annual contribution shall be determined by the department and shall not be less than twenty thousand dollars ($20,000).
(b) This section shall become operative on January 1, 2019.
Terms Used In California Welfare and Institutions Code 22005.2
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(Repealed (in Sec. 8) and added by Stats. 2016, Ch. 487, Sec. 9. (SB 1384) Effective January 1, 2017. Section operative January 1, 2019, by its own provisions.)