California § 10930.4 - A solvency loan obtained by a CO-OP shall be treated as a surplus note and shall
Full text of California Public Contract Code - PCC § 10930.4 — A solvency loan obtained by a CO-OP shall be treated as a surplus note and shall, with citation guidance and answers to common questions.
§ 10930.4. A solvency loan obtained by a CO-OP shall be treated as a surplus note and shall
(a) A solvency loan obtained by a CO-OP shall be treated as a surplus note and shall be subject to the same requirements as are imposed on mutual insurers pursuant to Article 4 (commencing with Section 4040) of Chapter 4 of Part 1 of Division 2. The commissioner may request any documentation relating to a CO-OPâs start-up loan or solvency loan. (b) A CO-OP shall be subject to the same securities permit requirements as are imposed upon mutual insurers pursuant to Section 4042; however, the commissioner shall have the authority to waive the requirements under Section 4042 upon a determination that they are not applicable following a full review of the CO-OPâs plan of operations and any other documents as requested by the commissioner prior to the admission of the CO-OP.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10930.4
What does Public Contract Code - PCC § 10930.4 cover?
Section 10930.4 ("A solvency loan obtained by a CO-OP shall be treated as a surplus note and shall") 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 § 10930.4?
A common citation format is "Public Contract Code - PCC § 10930.4" (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 § 10930.4 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.