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California Insurance Code

§ 24

INS § 24 Effective Jan 1, 2007

Statute text

View on leginfo.ca.gov
“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.

Legislative history

Amended by Stats. 2006, Ch. 740, Sec. 1. Effective January 1, 2007.

Source: California Insurance Code § 24 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.