DIVISION 1. GENERAL RULES GOVERNING INSURANCE 100-1879.8›PART 2. THE BUSINESS OF INSURANCE 680-1879.8›CHAPTER 3. Reciprocal Insurers 1280-1560.19›ARTICLE 2. Organization of Exchange 1300-1315
§ 1307
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
The power of attorney and contracts made thereunder may:
(a) Provide for the right of substitution of attorney and revocation of the contract or power.
(b) Impose such restrictions upon the exercise of the power as are agreed upon by the subscribers.
(c) Provide for and limit the maximum amount to be paid by subscribers, except that contracts of exchanges writing either liability or workers’ compensation insurance shall be subject to the provisions of Article 6 of this chapter.
(d) Provide for the exercise of any right reserved to the subscribers directly or through a board or other body.
(Amended by Stats. 2018, Ch. 231, Sec. 6. (AB 2045) Effective January 1, 2019.)
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