Cal. Ins. Code § 12697
12697
Effective Aug 11, 2003Amended by Stats. 2003, Ch. 230, Sec. 28. Effective August 11, 2003. Inoperative July 1, 2014, as prescribed in Section 12699.15. Repealed as of January 1, 2016, pursuant to Section 12699.15.
The board may negotiate or arrange for stop-loss insurance coverage that limits the program’s fiscal responsibility for the total costs of health services provided to program subscribers, or arrange for participating health plans to share or assume the financial risk for a portion of the total cost of health care services to program subscribers, or both.