California · Military and Veterans Code - MVC

MVC §989: It is the intent of the Legislature to establish the Pooled Self-Insurance Fund in order to ensure that each of the department’s insurance reserve funds are self-sufficient and adequately maintained f

What this law says, in plain English

This statute expresses the Legislature's intent to establish a Pooled Self-Insurance Fund to ensure department insurance reserve funds remain self-sufficient and adequately maintained.

Read the full statutory text

It is the intent of the Legislature to establish the Pooled Self-Insurance Fund in order to ensure that each of the department’s insurance reserve funds are self-sufficient and adequately maintained for the benefit of the contract purchasers. For reasons of prudent financial management, the department will pool the reserves for the purpose of providing reliable, consistent, and affordable home protection, and to encourage the strengthening of bond ratings, thereby increasing the efficacy of the Veterans’ Farm and Home Purchase Act of 1974.

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