Ins. Code, § 11783 · Article 1. Organization and Powers
Ins. Code, § 11783
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The State Compensation Insurance Fund may:
(a) Sue and be sued in all actions arising out of any act or omission in connection with its business or affairs.
(b) Enter into any contracts or obligations relating to the State Compensation Insurance Fund which are authorized or permitted by law.
(c) Invest and reinvest the moneys belonging to the fund as provided by this chapter.
(d) Conduct all business and affairs and perform all acts relating to the fund whether or not specifically designated in this chapter.
(e) Commission an independent study, with the assistance of an investment banking firm, to determine the feasibility of the State Compensation Insurance Fund issuing bonds or securities. The study may include, among other things, the purpose for issuing bonds and any potential adverse consequences that may arise from that issuance.
Notes and commentary — not statutory text
History
Amended by Stats. 2002, Ch. 6, Sec. 9. Effective January 1, 2003.
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=INS§ionNum=11783.
- Text hash
- sha256 5f080d90d49c154c5d67d60075de1bc5e0e0f53b5a18682431f4228bf4a1cefb
- 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
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.