§ 7010

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

When any loss exceeds in amount the cash funds of the insurer and also exceeds one-eighth of one per cent of the total amount of the insurer’s insurance in force, its president shall convene its directors to make an assessment.

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

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California Insurance Code

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