The commissioner may adopt, pursuant to Chapter 3.5 (commencing with Section 11340 ) of Part 1 of Division 3 of Title 2 of the Government Code, such reasonable rules and regulations as may be necessary to carry out the provisions of this chapter, including, but not limited to, appropriate restrictions as to investments, giving full consideration to the desirability of high liquidity.
Cal. Ins. Code § 12640.18
Additional Powers of Commissioner
Known as the Mortgage Guaranty Insurance Act
The act spans §§ 12640–12640 (23 sections).
Amended by Stats. 1982, Ch. 454, Sec. 126.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.