“Admitted,” in relation to a person, means entitled to transact insurance business in this state, having complied with the laws imposing conditions precedent to transaction of such business. The State Compensation Insurance Fund shall be deemed to be admitted pursuant to authority to transact workers’ compensation insurance granted by the Legislature. The commissioner shall not revoke or suspend the State Compensation Insurance Fund’s authority to transact workers’ compensation insurance.
Cal. Ins. Code § 24
GENERAL PROVISIONS
Known as the Insurance Code
The act spans §§ 1–48 (54 sections).
Applied in 2 court decisions — leading case Applied Underwriters, Inc. v. Ricardo Lara (2022)
Most recently applied in Applied Underwriters, Inc. v. Ricardo Lara (June 2022)
Amended by Stats. 2006, Ch. 740, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.