California Insurance Code

§ 7015

INS § 7015 Effective Jan 1, 1998Div. 2 · Part 1 · Ch. 5 · Art. 8

Statute text

(a)No assessment or assessments may be levied upon any policy in excess of three times the amount of the premium named therein. The liability to assessment on any policy may be further reduced or eliminated as provided in subdivisions (b), (c), (d), and (e).

(b)Upon written request, and if the commissioner finds that an insurer has a surplus of admitted assets over liabilities of at least:

(1)Seventy-five thousand dollars ($75,000) but less than one hundred fifty thousand dollars ($150,000).

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Legislative history

Amended by Stats. 1997, Ch. 315, Sec. 20. Effective January 1, 1998.