Section 989 Of Article 3.7. Pooled Self-insurance From California Military And Veterans Code >> Division 4. >> Chapter 6. >> Article 3.7.
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
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.