California § 11442 - If, at or after the time of the transformation, it appears, either from the last
Full text of California Public Contract Code - PCC § 11442 — If, at or after the time of the transformation, it appears, either from the last, with citation guidance and answers to common questions.
§ 11442. If, at or after the time of the transformation, it appears, either from the last
If, at or after the time of the transformation, it appears, either from the last preceding annual report by such insurer to the commissioner, or from an investigation made by the commissioner, that the present value of the contributions to be received from the holders of policies on the assessment plan, together with all assets owned by the insurer that have been accumulated from assessments paid by members on that plan, are not equal to the present value of the benefits, including all matured liabilities, to be derived by members under the assessment plan, the insurer shall set aside and maintain a fund for the purpose set forth in section 11443. Such fund together with the present value of contributions and assets, shall equal the present value of such benefits.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11442
What does Public Contract Code - PCC § 11442 cover?
Section 11442 ("If, at or after the time of the transformation, it appears, either from the last") 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 § 11442?
A common citation format is "Public Contract Code - PCC § 11442" (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 § 11442 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.