California Statutes
§ 1870. — 1870. (Added by Stats. 1988, Ch. 559, Sec. 1.)
California § 1870.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE
Part 2.PART 2. THE BUSINESS OF INSURANCE
Ch. 10.5.CHAPTER 10.5. Risk Retention
This text of California § 1870. (1870. (Added by Stats. 1988, Ch. 559, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Insurance Code - INS Code § 1870. (2026).
Text
The Legislature finds and declares that for the purpose of creating a risk retention group, directors and officers of corporations, whether for profit or nonprofit, are engaged in the same line of business with respect to the liability risks faced by those officers and directors within the meaning of the federal Liability Risk Retention Act of 1986.
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Legislative History
Added by Stats. 1988, Ch. 559, Sec. 1.
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California § 1870., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/1870..