ARTICLE 3. Membership Fee and Assessments [17320. - 17324.]

Article 3 added by Stats. 1982, Ch. 1106, Sec. 1.

§§ 17320–17324 · 7 sections

• § 17320 Fidelity Corporation shall establish and maintain the following funds for payment of claims and for payment of costs of administration: the membership fund,…
• § 17321 Fidelity Corporation shall bill and collect from each member an annual premium that in the aggregate shall consist of assessments for the operations fund and…
• § 17321.1 Fidelity Corporation shall levy a special assessment against its members whenever: (a) Deemed necessary by the board of directors in the event of any…
• § 17321.2 Fidelity Corporation shall be entitled to collect late fees as specified in Fidelity Corporation’s bylaws for any late payment of assessments under Section…
• § 17322 Fidelity Corporation shall report to the commissioner each levy of assessment within 10 business days after the levy.
• § 17323 (a) In the event any member fails to pay an assessment when due, Fidelity Corporation shall by written demand addressed to the member request the payment of…
• § 17324 Any reduction in the membership fund caused by payment of an extraordinary expense pursuant to subdivision (a) of Section 17320 or payment of claims pursuant…