Cal. INS § 7014
This is the official text of Cal. INS § 7014, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
The board of directors may at its annual meeting levy an assessment not to exceed twenty-five cents on the $100 of the first class of insurance and a pro rata amount on lower classes. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this fund shall not be made while this reserve fund remains intact.
Status: in_force · Read it on the official government site
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