Section 123205 Of Chapter 3. Catastrophic Health Insurance From California Health And Safety Code >> Division 106. >> Part 1. >> Chapter 3.

. The director shall enter into contracts pursuant to subdivision (a) of Section 123185 only with insurers that meet all of the following criteria, as determined by the director:
  (a) The insurer shall be actuarially sound.
  (b) The insurer shall be fully self-supported by its policy premiums or charges and investments.
  (c) The insurer shall use advertising that is accurate.