California § 11698.02 - The proceeds of the deposit required pursuant to Section 11691 shall be used sole
Full text of California Public Contract Code - PCC § 11698.02 — The proceeds of the deposit required pursuant to Section 11691 shall be used sole, with citation guidance and answers to common questions.
§ 11698.02. The proceeds of the deposit required pursuant to Section 11691 shall be used sole
The proceeds of the deposit required pursuant to Section 11691 shall be used solely to pay compensable workersâ compensation claims under the insured or reinsured policies, allocated claims expense necessary to pay those claims, and the expenses connected with all proceedings or actions permitted or required by this article in furtherance of the payment of those claims, or should the commissioner pursuant to subdivision (a) of Section 11698.01 enter into reinsurance and assumption agreements with one or more reinsurers, the proceeds of the deposit shall be used to reimburse those reinsurers.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11698.02
What does Public Contract Code - PCC § 11698.02 cover?
Section 11698.02 ("The proceeds of the deposit required pursuant to Section 11691 shall be used sole") 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 § 11698.02?
A common citation format is "Public Contract Code - PCC § 11698.02" (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 § 11698.02 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.