Section 1035 Of Article 14. Proceedings In Cases Of Insolvency And Delinquency From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 14.
1035
. (a) In any proceeding under this article, the commissioner
may appoint and employ under his or her hand and official seal,
special deputy commissioners, as his or her agents, and to employ
clerks and assistants and to give to each of them those powers that
he or she deems necessary. Upon appointing or employing special
deputy commissioners or executive officers, the commissioner shall
notify the Chair of the Joint Legislative Budget Committee, by
letter, of the action. The costs of employing special deputy
commissioners, clerks, and assistants appointed to carry out this
article, and all expenses of taking possession of, conserving,
conducting, liquidating, disposing of, or otherwise dealing with the
business and property of that person 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 that person to the department. In
the event the property of that person does not contain cash or liquid
assets sufficient to defray the cost of the services required to be
performed under the terms of this article, the commissioner may at
any time or from time to time pay the cost of those services out of
the appropriation for the maintenance of the department, but not out
of the assets of other estates. Any amounts so paid shall be deemed
expenses of administration and shall be repaid to the fund out of the
first available moneys in the estate.
(b) Any person appointed by the commissioner to serve in the
capacity of chief executive officer of the department's Conservation
and Liquidation Office shall be subject to confirmation by the
Senate.