{"data":{"id":"us-ca/ins-10930.4","jurisdiction":"us-ca","citation":"INS § 10930.4","heading":"","body":"(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-OP’s start-up loan or solvency loan.\n(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-OP’s plan of operations and any other documents as requested by the commissioner prior to the admission of the CO-OP.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","CHAPTER 9.6. Consumer Operated and Oriented Plans [10930. - 10930.9.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"1c6bab4cbf2036aa503606fb658f51573e2637ec4227abe34b0796f446f06a4c","source_id":"us-ca","stale":false,"prev":"us-ca/ins-10930.3","next":"us-ca/ins-10930.5"},"notice":"GroundRules: Original legal text. Not legal advice."}