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Code · California · Insurance Code

§ 10930.5

54 words·~1 min read·/ca/insurance-code/10930-5

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The provisions of Section 699.5 shall apply to any insurer admitted as a CO-OP insurer; however, any loans received by the CO-OP in the form of a solvency or start-up loan shall not be construed as any form of subsidy, ownership, or financial control of the CO-OP insurer within the meaning of Section 699.5.
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