The director shall enter into contracts pursuant to subdivision (a) of Section 123185 only with insurers that meet all of the following criteria, as determined by the director:
(a)
The insurer shall be actuarially sound.(b)
The insurer shall be fully self-supported by its policy premiums or charges and investments.(c)
The insurer shall use advertising that is accurate.
Source:
Section 123205, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=123205..