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California Code, Insurance Code - INS § 8090

Current as of January 01, 2025 | Updated by Findlaw Staff

When the amount of any ascertained loss exceeds the cash funds of the reinsurer and also exceeds one-eighth of one per cent of the total amount of the insurance in force in the reinsurer, the president shall convene its directors. On so convening, the directors shall assess each member in proportion to the member's reinsurance, taken in connection with the rate of premium under which such reinsurance is classified.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 8090 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-8090/

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