SECTIONS 10880 - California Statutes

INSURANCE CODE

SECTION 10880

10880. In the event a purchasing alliance becomes insolvent, the
commissioner shall maintain jurisdiction of the alliance for purposes
of protection of the interests of the alliance enrollees. In that
event, the commissioner may do any of the following:
(a) Arrange for transfer of coverage from the insolvent purchasing
alliance to one that is deemed to be solvent by the commissioner.
(b) Arrange for individual employers or small employers
participating in the purchasing alliance to obtain coverage through
one or more participating carriers outside of an alliance
arrangement.
(c) Take any other actions necessary to preserve the coverage
provided to employers, small employers, and enrollees in the
insolvent alliance.
(d) In any proceedings under this article, the costs of employing
special deputy commissioners, clerks, or assistants appointed to
carry out this article, and all expenses of taking possession of,
conversing, conducting, liquidating, disposing of, or otherwise
dealing with the business and property of the alliance under this
article, shall be fixed by the commissioner, subject to the approval
of the court, and shall be paid out of the assets of the alliance to
the department.