California Insurance Code ARTICLE 2 - Powers

• Section 5080.
  Such insurer and its directors possess the usual powers, and are subject to the usual duties of corporations and directors.(Enacted by Stats. 1935, Ch. 145.)
• Section 5081.
  Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.(Added by...

Last modified: October 22, 2018