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Code · California · Insurance Code

§ 8093

52 words·~1 min read·/ca/insurance-code/8093

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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.
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