DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 1. FIRE AND MARINE INSURANCE 1880-10108.1›CHAPTER 6. County Mutual Fire Reinsurers 7080-9060›ARTICLE 6. Assessments and Coverage of Loss 8090-8097

§ 8093

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

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.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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