Cal. INS § 8093

Cal. INS § 8093

Last amended: 1935Year: 2025Length: 52 wordsOfficial source
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.
Cal. INS § 8093 | Justis AI