LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomePublic Utilities CodeDiv. 10Pt. 16Ch. 4Art. 2§ 105072 Rail Transit Insurance Authority

§ 105072 Rail Transit Insurance Authority

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 105072 Rail Transit Insurance Authority

This law lets the rail district buy insurance to cover damage to its trains or tracks and to protect against losing money for any reason.

Key Takeaways

  • •The district can get insurance for any accident or destruction of its rail system.
  • •It can also insure against loss of revenue from any cause.
  • •When the district sells bonds, it can require that insurance be bought and pay the premiums as part of the bond terms.

Example

A big storm knocks down a section of the subway tracks, stopping service for weeks.

The district can use the insurance it bought to pay for fixing the tracks and also to cover the money it would have earned from riders during the shutdown.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 105072 Rail Transit Insurance Authority

The district may insure against any accident or destruction of the rail transit system or any part thereof. The district may insure against loss of revenues from any cause whatsoever. In proceedings authorizing the issuance of any bonds, the district may provide for the carrying of insurance in an amount and of a character as may be specified, and may provide for the payment of premiums thereon. The district may also provide insurance as provided in Part 6 (commencing with Section 989) of Division 3.6 of Title 1 of the Government Code. (Added by Stats. 2002, Ch. 341, Sec. 4. Effective January 1, 2003.)

Last verified: January 11, 2026

Key Terms

insurerail transit systemloss of revenuesbondsPart 6Division 3.6Title 1Government Code

Related Statutes

  • § 100124 Vta Insurance Authority
  • § 120225 Board Insurance Authority
  • § 103225 District Insurance Authority
  • § 102224 District Insurance Authority
  • § 103162 District Officer Conflict Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 105072.
View Official Source