No. CEA is a public instrumentality of the state. An instrumentality is an organization created by state law and operated for public purposes.
CEA is a not-for-profit and receives no funding from the State of California, whether for operations or claim liabilities, and is not a part of the state budget. CEA is financed solely through insurer contributions, policyholder premiums, and its own investment returns.
Learn more about CEA’s creation after the Northridge earthquake.