Statute · California Insurance Code

Cal. Ins. Code § 9012 — Cancellation of Membership

Cal. Ins. Code § 9012

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

The reinsurer may cancel or terminate any policy by giving the member ten days’ written notice and returning to it any excess of premium paid during the term of the policy over the cost of its reinsurance as measured by the rules or methods of admitted fire insurers issuing nonassessable…

Citator

Cal. Ins. Code § 9012 — Cancellation of Membership is in force in the current edition of the Code, and nothing recorded condemns it.

The reinsurer may cancel or terminate any policy by giving the member ten days’ written notice and returning to it any excess of premium paid during the term of the policy over the cost of its reinsurance as measured by the rules or methods of admitted fire insurers issuing nonassessable policies on a reserve basis.