Health and Safety Code - HSC
DIVISION 31. HOUSING AND HOME FINANCE [50000 - 54913]
( Division 31 repealed and added by Stats. 1977, Ch. 610. ) PART 4. BOND AND LOAN INSURANCE [51600 - 51687]
( Part 4 repealed and added by Stats. 1993, Ch. 115, Sec. 4. ) CHAPTER 2. Administration [51610 - 51643.5]
( Chapter 2 added by Stats. 1993, Ch. 115, Sec. 4. ) 51628.
The agency shall, after a reasonable time during which it may establish a business, be competitive with other insurers, and it is the intent of the Legislature that the insurance fund shall ultimately become neither more nor less than self-supporting. However, this section shall not be construed to preclude the insurance fund from operating in a manner that will permit the agency to create additional reserves from operations in order that the agency can maximize its insurance capacity.
(Amended by Stats. 2003, Ch. 553, Sec. 5. Effective January 1, 2004.)