Statute · California Insurance Code

Cal. Ins. Code § 1260 — Reinsurance Transactions

Cal. Ins. Code § 1260

Type
Statute
Source
California Insurance Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

Incorporated insurers or reciprocal insurers who are members of what is commonly known as a “group” or “fleet” may enter into reinsurance transactions between members of the same “group” or “fleet” unless otherwise specifically prohibited by law.

Citator

Cal. Ins. Code § 1260 — Reinsurance Transactions is in force in the current edition of the Code, and nothing recorded condemns it.

Incorporated insurers or reciprocal insurers who are members of what is commonly known as a “group” or “fleet” may enter into reinsurance transactions between members of the same “group” or “fleet” unless otherwise specifically prohibited by law.