California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 1. GENERAL RULES GOVERNING INSURANCE |
Part 2. THE BUSINESS OF INSURANCE |
Chapter 3. Reciprocal Insurers |
ARTICLE 6. Assessment of Insurers |
Section 1398.
Latest version.
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The power of attorney of an exchange subject to this article may limit the contingent liability of the subscriber for assessment, but such contingent liability shall not be less than an amount equal to and in addition to the amount of the premium deposit provided in the policy.
(Enacted by Stats. 1935, Ch. 145.)