California Legal Codes and Statutes

§ 1063.78

Added by Stats. 2022, Ch. 408, Sec. 15. (AB 2154) Effective January 1, 2023.

If the board requests the California Infrastructure and Economic Development Bank to issue bonds pursuant to Section 1063.70, the board shall report all of the following to the Assembly Committee on Insurance and the Senate Committee on Insurance within 60 days of the request, and annually thereafter while the bonds remain outstanding:

(a)The amount of the bonds requested.
(b)The reason for the requested bonds.
(c)Details of covered claims obligations requiring the issuance of bonds.
(d)Planned bond repayment assessments.

Cite this section

Cal. Ins. Code § 1063.78 (2026)
https://ca.codecond.com/codes/ins/division-1-general-rules-governing-insurance/part-2-the-business-of-insurance/chapter-1-general-regulations/article-14-26-california-insurance-guarantee-association-bond-funds/section-1063.78

Other sections in Article 14.26 - California Insurance Guarantee Association Bond Funds

§ 1063.70§ 1063.71§ 1063.72§ 1063.73§ 1063.74§ 1063.75§ 1063.76§ 1063.77§ 1063.78

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.