California Legal Codes and Statutes

§ 8093

Enacted by Stats. 1935, Ch. 145.

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.

Cite this section

Cal. Ins. Code § 8093 (2026)
https://ca.codecond.com/codes/ins/division-2-classes-of-insurance/part-1-fire-and-marine-insurance/chapter-6-county-mutual-fire-reinsurers/article-6-assessments-and-coverage-of-loss/section-8093

Other sections in Article 6 - Assessments and Coverage of Loss

§ 8090§ 8091§ 8092§ 8093§ 8094§ 8095§ 8096§ 8097

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