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California Insurance Code

§ 1398

INS § 1398Div. 1 · Part 2 · Ch. 3 · Art. 6

Statute text

View on leginfo.ca.gov
The power of attorney of an exchange subject to this article may limit the contingent liability of the subscriber for assessment, but such contingent liability shall not be less than an amount equal to and in addition to the amount of the premium deposit provided in the policy.

Legislative history

Enacted by Stats. 1935, Ch. 145.

Source: California Insurance Code § 1398 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.