§ 7016. — 7016. (Enacted by Stats. 1935, Ch. 145.)

California § 7016.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 1.: PART 1. FIRE AND MARINE INSURANCE
• Ch. 5.: CHAPTER 5. County Mutual Fire Insurers
• Art. 8.: ARTICLE 8. Assessments

Text

The secretary, whenever such an assessment is made, shall immediately notify every policyholder in such insurer either personally, by agent, or by letter directed to the policyholder’s usual post-office address, stating:
(a)
The amount of the loss.
(b)
The sum due from the policyholder as his share.
(c)
To whom such payment is to be made.
(d)
The time when the payment is to be made. Such time shall not be less than thirty days nor more than ninety days from the date of mailing notice.

Legislative History

Enacted by Stats. 1935, Ch. 145.