Section 10722 Of Article 3. Voluntary Reinsurance Mechanism From California Insurance Code >> Division 2. >> Part 2. >> Chapter 8. >> Article 3.

. If assessments exceed actual losses and administrative expenses of the fund, the excess shall be held at interest and used by the fund to offset future losses or to reduce fund premiums. As used in this paragraph, "future losses" includes reserves for incurred but not reported claims.