California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 1. GENERAL RULES GOVERNING INSURANCE |
Part 2. THE BUSINESS OF INSURANCE |
Chapter 2. Incorporated Insurers |
ARTICLE 8. Reinsurance Transactions |
Section 1260.
Latest version.
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Incorporated insurers or reciprocal insurers who are members of what is commonly known as a "group" or "fleet" may enter into reinsurance transactions between members of the same "group" or "fleet" unless otherwise specifically prohibited by law.
(Added by Stats. 1967, Ch. 451.)