California Codes

Cal. Insurance Code § 922.1 (2026)

✓ current as of May 2026

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The Legislature declares its intent that:

(a)In some instances, it is appropriate for the protection of insureds, insurers, and the public generally, that assuming insurers be required to provide security for the payment of their reinsurance obligations.

(b)Where such security is provided and upon the insolvency of the assuming insurer or initiation of receivership proceedings against it, the commissioner shall have the authority to determine whether it is in the best interest of insureds, claimants, and insurers to retain such security in the United States, to allow the filing of claims against the assuming insurer in the United States, and to have such claims valued in a United States proceeding subject to United States laws.

(c)In furtherance of the protection of insureds, insurers, and the public generally, the Legislature hereby states that these matters are fundamental to the business of insurance and hereby exercises its powers and privileges available pursuant to Sections 1011 and 1012 of Title 15 of the United States Code.

Notes of Decisions

Cited in 3 cases, 1981–2007 · leading case: Catholic Mut. Relief Soc'y v. Superior Court, 165 P.3d 154 (Cal. 2007).

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Catholic Mut. Relief Soc'y v. Superior Court, 165 P.3d 154 (Cal. 2007). · cites it 2× “) [4] Here, there can be little doubt that petitioners have, for their own purposes, marshalled the reinsurance available to meet the Church's potentially massive liability in the molestation litigation. Moreover, Catholic Relief Insurance Company, like any insurer, must make…”

Am. Re-Ins. Co. v. Ins. COM'N, ETC., 527 F. Supp. 444 (C.D. Cal. 1981). “Cal. Ins.Code §§ 922.1 & 922.15. By utilizing reinsurance, therefore, an insurer can spread the risk it undertakes over a larger number of policies, effectively reduce the amount of reserves required to maintain its business, and increase its profitability.”

Stonewall Ins. v. Argonaut Ins., 75 F. Supp. 2d 893 (N.D. Ill. 1999). “Cal.Ins.Code § 922.1(a); Bluewater Ins. Ltd.”

— Cal. Insurance Code § 922.1(a) — 1 case

Stonewall Ins. v. Argonaut Ins., 75 F. Supp. 2d 893 (N.D. Ill. 1999). “Cal.Ins.Code § 922.1(a); Bluewater Ins. Ltd.”

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