BlackletterCalifornia law

Insurance Code § 8093

ARTICLE 6. Assessments and Coverage of Loss

Current as of September 28, 2026Ins. Code, § 8093Official source ↗

Enacted by Stats. 1935, Ch. 145.

The board of directors may at their annual meeting levy an assessment not exceeding twenty-five cents on the $100 of reinsurance. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this purpose shall not be made while this reserve fund remains intact.