Cal. INS § 10930.5
This is the official text of Cal. INS § 10930.5, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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