Financial Code section 17321.1


Fidelity Corporation shall levy a special assessment against its members whenever:

(a)

Deemed necessary by the board of directors in the event of any extraordinary expenses which would seriously deplete the resources of the operations fund; or

(b)

A proof of loss has been submitted by a member which, if paid during that fiscal year, would reduce the membership fund by 10 percent or more.

Source: Section 17321.1, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=17321.­1.­ (updated Sep. 28, 1988; accessed Jul. 21, 2025).

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Verified:
Jul. 21, 2025

§ 17321.1's source at ca​.gov