{"code":"INS","codeName":"Insurance Code","section":"8091","citation":"Ins. Code, § 8091","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 6. County Mutual Fire Reinsurers [7080. - 9060.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-6"},{"name":"ARTICLE 6. Assessments and Coverage of Loss [8090. - 8097.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-6/article-6"}],"history":"Enacted by Stats. 1935, Ch. 145.","effective":null,"html":"<p>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, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.</p>","text":"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, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.","otherVersions":[],"url":"https://blackletter.si/insurance-code/assessments-and-coverage-of-loss-8091","source":"California Legislative Information bulk export (pubinfo)"}