Statute · California Insurance Code
Cal. Ins. Code § 8093 — Assessments and Coverage of Loss
Cal. Ins. Code § 8093
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The board of directors may at their annual meeting levy an assessment not exceeding twenty-five cents on the $100 of reinsurance. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this purpose shall not be made while this reserve fund…
Citator
Cal. Ins. Code § 8093 — Assessments and Coverage of Loss is in force in the current edition of the Code, and nothing recorded condemns it.
The board of directors may at their annual meeting levy an assessment not exceeding twenty-five cents on the $100 of reinsurance. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this purpose shall not be made while this reserve fund remains intact.