California § 10722 - If assessments exceed actual losses and administrative expenses of the fund, the
Full text of California Public Contract Code - PCC § 10722 — If assessments exceed actual losses and administrative expenses of the fund, the, with citation guidance and answers to common questions.
§ 10722. If assessments exceed actual losses and administrative expenses of the fund, the
If assessments exceed actual losses and administrative expenses of the fund, the excess shall be held at interest and used by the fund to offset future losses or to reduce fund premiums. As used in this paragraph, âfuture lossesâ includes reserves for incurred but not reported claims.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10722
What does Public Contract Code - PCC § 10722 cover?
Section 10722 ("If assessments exceed actual losses and administrative expenses of the fund, the") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 10722?
A common citation format is "Public Contract Code - PCC § 10722" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 10722 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.