The commissioner shall examine the plan submitted under subdivision (c) of Section 11526. The commissioner shall not approve the plan unless in the commissioner’s opinion the rights and interests of the insurer, its policyholders, and shareholders are protected and the commissioner is satisfied that the plan will be fair and equitable in its operation.
Cal. Ins. Code § 11527
Authority and Requirements to Mutualize
Known as the Health Insurance Disclosure Act
The act spans §§ 10110–11549 (1,209 sections).
Amended by Stats. 1983, Ch. 142, Sec. 93.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.