California § 8091. 8091. (Enacted by Stats. 1935, Ch. 145.)

California Statutes

§ 8091. — 8091. (Enacted by Stats. 1935, Ch. 145.)

California § 8091.

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. 6.ARTICLE 6. Assessments and Coverage of Loss

This text of California § 8091. (8091. (Enacted by Stats. 1935, Ch. 145.)) 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 § 8091. (2026).

Text

When the amount of such loss does not exceed one-eighth of one per cent of the total amount of insurance in force in the reinsurer, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.

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When the amount of such loss does not exceed one-eighth of one per cent of the total amount of insurance in force in the reinsurer, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.

Legislative History

Enacted by Stats. 1935, Ch. 145.

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California § 8091., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/8091..