{"code":"INS","codeName":"Insurance Code","section":"11777","citation":"Ins. Code, § 11777","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE [11550. - 11895.]","url":"https://blackletter.si/insurance-code/division-2/part-3"},{"name":"CHAPTER 4. The State Compensation Insurance Fund [11770. - 11886.2.]","url":"https://blackletter.si/insurance-code/division-2/part-3/chapter-4"},{"name":"ARTICLE 1. Organization and Powers [11770. - 11805.]","url":"https://blackletter.si/insurance-code/division-2/part-3/chapter-4/article-1"}],"history":"Amended by Stats. 1947, Ch. 520.","effective":null,"html":"<p>Such cash dividend or credit is to be in an amount which the board of directors in its discretion considers to be the employer’s proportion of divisible surplus.</p>","text":"Such cash dividend or credit is to be in an amount which the board of directors in its discretion considers to be the employer’s proportion of divisible surplus.","otherVersions":[],"url":"https://blackletter.si/insurance-code/organization-and-powers-11777","source":"California Legislative Information bulk export (pubinfo)"}