California Education Code
§ 25101
EDC § 25101 Effective Jan 1, 2014Div. 1 · Title 1 · Part 13 · Ch. 39
Statute text
View on leginfo.ca.govA prospective vendor of 403(b) products that offers those products, or the products of other 403(b) vendors, to employers and their eligible employees, shall register those products with the board pursuant to this chapter. Registered vendors shall offer only registered 403(b) products as funding vehicles for 403(b) plans.
(a)Prospective vendors shall be registered with the board based upon a complete response to the disclosures required by this subdivision. This information shall be included in the impartial investment information bank established pursuant to Section 25104. The prospective vendors shall provide the following information:
(1)A statement of experience in California and in other states in providing retirement annuities, custodial account mutual fund arrangements, or other retirement products and related financial services under public employer retirement plans.
…
Legislative history
Amended by Stats. 2013, Ch. 558, Sec. 51. (AB 1379) Effective January 1, 2014.