Statute · California Insurance Code
Cal. Ins. Code § 5081 — Powers
Cal. Ins. Code § 5081
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.
Citator
Cal. Ins. Code § 5081 — Powers is in force in the current edition of the Code, and nothing recorded condemns it.
Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.