INSURANCE
Cal. GOV § 990.8
California Statutes
(a)
(1) Any of the following may provide insurance authorized by this part or for any other purpose by any one or more of the methods specified in
Section 990.4 by a joint powers agreement made pursuant to
Article 1 (commencing with
Section 6500) of
Chapter of Division 7: (
A) Two or more local public entities. (
B) A mutual water company and a public agency, as authorized under subdivision (
b) of
Section 6525. (
C) A water corporation, a mutual water company, and one or more public agencies, as authorized under subdivision (
b) of
Section 6525.
(2) If two or more hospital districts have joined together to pool their self-insurance claims or losses, any nonprofit corporation created pursuant to subdivision (
p) of
Section of the Health and Safety Code, and affiliated with a hospital district that is a party to the pool may participate in the pool. (
b) Two or more local public entities having the same governing board, a mutual water company and a public agency, or a water corporation, a mutual water company, and one or more public agencies, as authorized under subdivision (
b) of
Section 6525, may be coinsured under a master policy and the total premium may be prorated among those entities. (
c) The pooling of self-insured claims or losses among entities as authorized in subdivision (
a) of
Section 990.4 shall not be considered insurance nor be subject to regulation under the Insurance Code. (
d) Any liability or loss under a joint powers agreement for the pooling of self-insured claims or losses authorized by this part and provided pursuant to this
section may, notwithstanding
Section of the Insurance Code or any other provision of law, be reinsured to the same extent and the same manner as insurance provided by an insurer. (
e) If a joint powers agreement authorized by this part or authorized pursuant to
Section provides for the pooling of self-insured claims or losses among entities, if any peril insured or covered under contract has existed, and the joint powers authority or other parties to the pool have been liable for any period, however short, the agreement may provide that the party insured or covered under contract is not entitled to the return of premiums, contributions, payments, or advances so far as that particular risk is concerned. (
f) For purposes of this section: (1) “Mutual water company” has the same meaning as defined in