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Section 12975.7 Of Article 4. Fees From California Insurance Code >> Division 3. >> Chapter 2. >> Article 4.
12975.7
. (a) All moneys received by the commissioner in payment of
lawful fees or reimbursements pursuant to this code shall be
transmitted to the Treasurer to be deposited in the State Treasury to
the credit of the Insurance Fund. Unless specified in this code to
be deposited in a different fund, all moneys received by the
commissioner in fines, penalties, assessments, costs, or other
sanctions shall be transmitted to the State Treasury for deposit in
the General Fund.
(b) The money in the Insurance Fund received from the commissioner pursuant to this section is hereby appropriated to pay the refunds authorized by this code.
(c) The balance of the money in the Insurance Fund shall be used for the purposes specified in Section 12975.9, for the support of the Department of Insurance as authorized by the Budget Act, and for related cashflow needs.
(b) The money in the Insurance Fund received from the commissioner pursuant to this section is hereby appropriated to pay the refunds authorized by this code.
(c) The balance of the money in the Insurance Fund shall be used for the purposes specified in Section 12975.9, for the support of the Department of Insurance as authorized by the Budget Act, and for related cashflow needs.
