Gov. Code, § 63049.62 · Article 8. Financing of Insurance Claims
Gov. Code, § 63049.62
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Notwithstanding any other provision of this division, a financing of the costs of claims of insolvent insurers upon the request of the association pursuant to Section 1063.73 of the Insurance Code shall be deemed to be in the public interest and eligible for financing by the bank, and Article 3 (commencing with Section 63040), Article 4 (commencing with Section 63042), Article 5 (commencing with Section 63043), Article 6 (commencing with Section 63048), and Article 7 (commencing with Section 63049) shall not apply to the financing provided by the bank to, or at the request of, the association or the department in connection with the fund. Notwithstanding any other provision of this division, the bank shall have no authority over any matter that is subject to the approval of the Insurance Commissioner under Article 14.2 (commencing with Section 1063) of Chapter 1 of Part 2 of Division 1 of the Insurance Code.
Notes and commentary — not statutory text
History
Amended by Stats. 2010, Ch. 328, Sec. 94. (SB 1330) Effective January 1, 2011.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=63049.62.
- Text hash
- sha256 729183990a765e14508e761a9b97f4ca1e54419819fffdabd4ef93c6e932f581
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Government Code
- Gov. Code, tit. 6.7, div. 1, ch. 2, art. 3Local Resolution Applying for Bank FinancingPrinted as Article 3 (commencing with Section 63040)
- Gov. Code, tit. 6.7, div. 1, ch. 2, art. 4Financing of Transition CostsPrinted as Article 4 (commencing with Section 63042)
- Gov. Code, tit. 6.7, div. 1, ch. 2, art. 5Financing Economic Development FacilitiesPrinted as Article 5 (commencing with Section 63043)
- Gov. Code, tit. 6.7, div. 1, ch. 2, art. 6State Water Pollution Control Revolving Fund ProgramPrinted as Article 6 (commencing with Section 63048)
- Gov. Code, tit. 6.7, div. 1, ch. 2, art. 7Tobacco Settlement State SecuritizationPrinted as Article 7 (commencing with Section 63049)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.