Insurance Code section 8093

The board of directors may at their annual meeting levy an assessment not exceeding twenty-five cents on the $100 of reinsurance. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this purpose shall not be made while this reserve fund remains intact.

Source: Section 8093, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=8093.­ (updated Jan. 1, 1935; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 8093's source at ca​.gov