2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
CHAPTER 5. Perinatal Insurance Fund
Section 12699.05
(a) The board shall authorize the expenditure of money in the fund to cover program expenses, including program expenses that exceed subscriber contributions.
(b) From money appropriated by the Legislature to the fund, the board may expend sufficient funds for operating expenses incurred in carrying out this part.
(c) The board shall develop and utilize all appropriate cost containment measures to maximize the coverage offered under the program.
(Added by Stats. 1991, Ch. 278, Sec. 11.1. Effective July 30, 1991.)
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