Health and Safety Code section 123205

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.­ (updated Jan. 1, 1996; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 123205's source at ca​.gov