{"code":"INS","codeName":"Insurance Code","section":"5081","citation":"Ins. Code, § 5081","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 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]","url":"https://blackletter.si/insurance-code/division-2/part-1"},{"name":"CHAPTER 5. County Mutual Fire Insurers [5050. - 7060.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5"},{"name":"ARTICLE 2. Powers [5080. - 5081.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5/article-2"}],"history":"Added by Stats. 1945, Ch. 96.","effective":null,"html":"<p>Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.</p>","text":"Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.","otherVersions":[],"url":"https://blackletter.si/insurance-code/powers-5081","source":"California Legislative Information bulk export (pubinfo)"}