California Insurance Code

§ 6070

INS § 6070Div. 2 · Part 1 · Ch. 5 · Art. 6

Statute text

Any such insurer may accept reinsurance under any agreement for reinsurance between two or more county mutual fire insurers or from any authorized insurer the stock of which is wholly owned by county mutual insurers. In any such case the reinsurance accepted by any one insurer shall not exceed the amount of risk retained by the insurer originating the business.

Legislative history

Amended by Stats. 1953, Ch. 468.