12 CCR s 372

Cal. Admin. Code tit. 12, s 372

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 5. DISASTER INDEMNITY
This database is current through 12/22/06, Register 2006, No. 51.
s 372. Loss Valuation.

The Department shall inspect and establish a value for repair of damage
which shall be limited to the amount necessary to repair or restore
permanent improvements to a condition substantially similar to that which
existed prior to the damage. In no event shall the amount of coverage
exceed the guaranteed replacement cost value of the property at time of
loss. The Department shall be the sole judge of the amount necessary to
repair or restore such improvements.

Note: Authority cited: Sections 700 and 989.6, Military and
Veterans Code. Reference: Sections 987.76(c) and 989.4, Military and
Veterans Code.

HISTORY

1. Amendment filed 3-24-98; operative 4-23-98 (Register 98, No. 13).

12 CCR s 372, 12 CA ADC s 372
1CAC

12 CA ADC s 372

END OF DOCUMENT