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Current as of January 01, 2025 | Updated by Findlaw Staff
The commissioner shall not authorize a domestic insurer to extinguish the contingent liability of any of its members or in any of its policies to be issued, unless it qualifies to and does extinguish such liability of all its members and in all such policies for all kinds of insurance transacted by it. No assessment shall be levied against any member or subscriber with respect to any nonassessable policy issued when the insurer had an unrevoked certificate to issue nonassessable policies.
Cite this article: FindLaw.com - California Code, Insurance Code - INS § 4061 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-4061/
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