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California Insurance Code

§ 1102

INS § 1102Div. 1 · Part 2 · Ch. 1 · Art. 17

Statute text

View on leginfo.ca.gov
The financial obligation of any officer, director, trustee, or other person having authority in the management of an insurer’s funds shall not be guaranteed by such insurer in any capacity, and any such guarantee shall be void.

Legislative history

Amended by Stats. 1937, Ch. 736.

Source: California Insurance Code § 1102 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.