California § 8031. 8031. (Amended by Stats. 1939, Ch. 932.)

California Statutes

§ 8031. — 8031. (Amended by Stats. 1939, Ch. 932.)

California § 8031.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 1.PART 1. FIRE AND MARINE INSURANCE

Ch. 6.CHAPTER 6. County Mutual Fire Reinsurers

Art. 3.ARTICLE 3. Additional Memberships

This text of California § 8031. (8031. (Amended by Stats. 1939, Ch. 932.)) 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.

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Cal. Insurance Code - INS Code § 8031. (2026).

Text

County mutual fire insurers, upon becoming members of such reinsurer, shall give it their written obligation binding themselves and their successors to pay their pro rata share of the necessary expenses and loss sustained by any member of the reinsurer during the time for which their respective policies are written. They shall also at the time of effecting the reinsurance pay such percentages and such other charges as are required by law or by the rules and by-laws of the reinsurer.

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County mutual fire insurers, upon becoming members of such reinsurer, shall give it their written obligation binding themselves and their successors to pay their pro rata share of the necessary expenses and loss sustained by any member of the reinsurer during the time for which their respective policies are written. They shall also at the time of effecting the reinsurance pay such percentages and such other charges as are required by law or by the rules and by-laws of the reinsurer.

Legislative History

Amended by Stats. 1939, Ch. 932.

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California § 8031., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/8031..