§ 1300.67.12. Contracts with Solicitor Firms.
28 CA ADC § 1300.67.12Barclays Official California Code of Regulations
28 CCR § 1300.67.12
§ 1300.67.12. Contracts with Solicitor Firms.
A plan shall not permit a solicitor firm to solicit enrollments or subscriptions on its behalf except pursuant to a written contract which meets all of the following minimum requirements:
(a) All funds received by the solicitor firm for the account of the plan shall at all times be segregated from the assets of the solicitor firm and shall be promptly deposited to a trust account in a state or federal bank authorized to do business in this state and insured by an appropriate federal insuring agency. “Promptly deposited” means deposited no later than the business day following receipt by the solicitor firm.
Credits
Note: Authority cited: Section 1344, Health and Safety Code. Reference: Section 1367, Health and Safety Code.
History
1. Amendment filed 12-20-77 as an emergency; effective upon filing (Register 77, No. 52).
2. Amendment filed 1-12-83; effective thirtieth day thereafter (Register 83, No. 3).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 28, § 1300.67.12, 28 CA ADC § 1300.67.12
End of Document |