California Insurance Code ARTICLE 8 - Assessments

• Section 7010.
  When any loss exceeds in amount the cash funds of the insurer and also exceeds one-eighth of one per cent of the total amount of...
• Section 7011.
  Upon being convened for the purpose, the directors shall make an assessment upon all of the property insured in the insurer. Such assessment shall be...
• Section 7012.
  When the amount of such loss does not exceed one-eighth of one per cent of the total amount of insurance in force in the insurer,...
• Section 7013.
  The term of any such loan shall not be greater than twelve months nor shall the date of maturity be in excess of thirty days...
• Section 7014.
  The board of directors may at its annual meeting levy an assessment not to exceed twenty-five cents on the $100 of the first class of...
• Section 7015.
  (a) No assessment or assessments may be levied upon any policy in excess of three times the amount of the premium named therein. The liability to...
• Section 7015.5.
  The commissioner shall charge and collect in advance a fee of one hundred seventy-seven dollars ($177) for issuing a certificate under this article, or for...
• Section 7016.
  The secretary, whenever such an assessment is made, shall immediately notify every policyholder in such insurer either personally, by agent, or by letter directed to...
• Section 7017.
  The insurer may bring an action against any member who neglects or refuses to pay an assessment made upon him under the provisions of this...
• Section 7018.
  A director of any such insurer who wilfully refuses or neglects to perform the duties imposed upon him by law or by the insurer’s by-laws...

Last modified: October 22, 2018