California Code
PART 1 - FIRE AND MARINE INSURANCE
CHAPTER 6 - County Mutual Fire Reinsurers

ARTICLE 1 - Formation and Organization

Section 7080. - 7080. Five or more insurers, operating under Chapter 5 of...

Section 7081. - 7081. Upon payment in advance of two hundred fifty dollars...

Section 7082. - 7082. The declaration shall be signed by the president and...

Section 7083. - 7083. The articles shall be executed by each incorporator through...

Section 7084. - 7084. The commissioner shall examine the proposed articles of incorporation,...

Section 7085. - 7085. Upon filing with the Secretary of State of the...

Section 7086. - 7086. Three delegates shall be elected by each member at...

Section 7087. - 7087. The delegates shall be elected by ballot and shall...

Section 7088. - 7088. The annual meeting of the members of the reinsurer...

Section 7089. - 7089. At such meeting one director shall be elected from...

Section 7090. - 7090. In the election of the first board of directors...

Section 7091. - 7091. The directors of the reinsurer shall elect from their...

Section 7092. - 7092. The directors and all of such officers shall hold...

Section 7093. - 7093. The treasurer and secretary shall give bonds to the...

ARTICLE 2 - Powers and Duties

Section 8010. - 8010. Upon organizing under its articles of incorporation, such reinsurer...

Section 8011. - 8011. Such reinsurer and its directors shall possess such of...

ARTICLE 3 - Additional Memberships

Section 8030. - 8030. Any county mutual fire insurer in this State may...

Section 8031. - 8031. County mutual fire insurers, upon becoming members of such...

ARTICLE 4 - Risks

Section 8050. - 8050. Restrictions on risks as to “distances,” “city or town...

Section 8051. - 8051. All such reinsurers shall classify the reinsured subject matter...

Section 8052. - 8052. Such reinsurer may write reinsurance on property which is...

Section 8053. - 8053. Such reinsurer shall not at any time write reinsurance,...

ARTICLE 5 - Loss

Section 8070. - 8070. A member of such reinsurer, upon sustaining loss covered...

Section 8071. - 8071. The president and secretary shall proceed to ascertain the...

Section 8072. - 8072. If the claim is for more than five thousand...

Section 8073. - 8073. If in any case there is a failure of...

Section 8074. - 8074. If the two arbitrators thus appointed fail to agree...

Section 8075. - 8075. Such arbitrators so appointed may examine witnesses and do...

Section 8076. - 8076. The arbitrators shall make their award in writing to...

Section 8077. - 8077. The pay of each arbitrator shall be five dollars...

Section 8078. - 8078. The president and secretary of the reinsurer may secure...

ARTICLE 6 - Assessments and Coverage of Loss

Section 8090. - 8090. When the amount of any ascertained loss exceeds the...

Section 8091. - 8091. When the amount of such loss does not exceed...

Section 8092. - 8092. The term of such loan shall not be longer...

Section 8093. - 8093. The board of directors may at their annual meeting...

Section 8094. - 8094. Whenever an assessment is made, the secretary shall immediately...

Section 8095. - 8095. An action may be brought against any member of...

Section 8096. - 8096. The directors of any such reinsurer who wilfully refuse...

Section 8097. - 8097. An action may also be brought and maintained against...

ARTICLE 7 - Cancellation of Membership

Section 9010. - 9010. Any member of such reinsurer may cancel any policy...

Section 9011. - 9011. The cancellation may be accomplished only by complying with...

Section 9012. - 9012. The reinsurer may cancel or terminate any policy by...

ARTICLE 8 - Reports and Statements

Section 9030. - 9030. The secretary shall prepare an annual statement, showing the...

Section 9031. - 9031. The president and secretary shall, on or before the...

ARTICLE 9 - Dissolution

Section 9050. - 9050. Any such reinsurer may be proceeded against and dissolved...

ARTICLE 10 - Exemptions

Section 9060. - 9060. The provisions of Sections 980, 981, 982, 983, 984,...