Statute · California Insurance Code
Cal. Ins. Code § 7010 — Assessments
Cal. Ins. Code § 7010
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Ins. Code § 7010 — Assessments is in force in the current edition of the Code, and nothing recorded condemns it.
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.