California Insurance Code ARTICLE 6 - Assessments and Coverage of Loss

• Section 8090.
  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...
• Section 8091.
  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 reinsurer,...
• Section 8092.
  The term of such loan shall not be longer than twelve months, and the date of maturity shall not be more than thirty days beyond...
• Section 8093.
  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...
• Section 8094.
  Whenever an assessment is made, the secretary shall immediately notify every member by registered letter addressed to the secretary of the member at its usual...
• Section 8095.
  An action may be brought against any member of such reinsurer that neglects or refuses to pay the liabilities due such reinsurer.(Enacted by Stats. 1935,...
• Section 8096.
  The directors of any such reinsurer who wilfully refuse or neglect to perform the duties imposed upon them by law or by the by-laws of...
• Section 8097.
  An action may also be brought and maintained against any such reinsurer by members thereof to recover sums owing them for losses sustained when payment...

Last modified: October 22, 2018