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Current as of January 01, 2025 | Updated by Findlaw Staff
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 article: FindLaw.com - California Code, Insurance Code - INS § 8093 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-8093/
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