California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 2. CLASSES OF INSURANCE |
Part 4. MISCELLANEOUS CASUALTY INSURANCES |
Chapter 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances |
ARTICLE 5. Financial Guaranty Insurance |
Section 12120.
Latest version.
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An admitted financial guaranty insurance corporation with respect to financial guaranty insurance rates, shall not be subject to Sections 1861.01 and 1861.05, except that financial guaranty insurance rates shall not be excessive, inadequate, or unfairly discriminatory or otherwise in violation of Chapter 9 (commencing with Section 1850) of Part 2 of Division 1.
(Added by Stats. 1990, Ch. 1032, Sec. 6.)