California Insurance Code

§ 7010

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 7010Div. 2 · Part 1 · Ch. 5 · Art. 8

Statute text

View on leginfo.ca.gov

When any loss exceeds in amount the cash funds of the insurer and also exceeds one-eighth of one per cent of the total amount of the insurer’s insurance in force, its president shall convene its directors to make an assessment.

Legislative history

Enacted by Stats. 1935, Ch. 145.