{"code":"INS","codeName":"Insurance Code","section":"7014","citation":"Ins. Code, § 7014","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 8. Assessments [7010. - 7018.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5/article-8"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>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 insurance and a pro rata amount on lower classes. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this fund shall not be made while this reserve fund remains intact.</p>","text":"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 insurance and a pro rata amount on lower classes. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this fund shall not be made while this reserve fund remains intact.","otherVersions":[],"url":"https://blackletter.si/insurance-code/assessments-7014","source":"California Legislative Information bulk export (pubinfo)"}