California § 133 - No risk retention group shall be required or permitted to join or contribute fina
Full text of California Public Contract Code - PCC § 133 — No risk retention group shall be required or permitted to join or contribute fina, with citation guidance and answers to common questions.
§ 133. No risk retention group shall be required or permitted to join or contribute fina
(a) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising under the insurance policies issued by that risk retention group. (b) When a purchasing group obtains insurance covering its membersâ risks from an insurer not authorized in this state or a risk retention group, no such risks, wherever located, shall be covered by any insurance guaranty fund or similar mechanism in this state. (c) When a purchasing group obtains insurance covering its membersâ risks from an authorized admitted insurer, only risks located in this state shall be covered by the state insurance guaranty fund. (d) A risk retention group shall not participate in this stateâs joint underwriting associations, California Automobile Assigned Risk Plan, Fair Access to Insurance Requirements Plan, and market assistance plans.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 133
What does Public Contract Code - PCC § 133 cover?
Section 133 ("No risk retention group shall be required or permitted to join or contribute fina") 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 § 133?
A common citation format is "Public Contract Code - PCC § 133" (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 § 133 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.