Cal. Ins. Code § 1398

Current through the 2023 Legislative Session.
Section 1398 - Limiting contingent liability of subscribers

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.

Ca. Ins. Code § 1398

Enacted by Stats. 1935, Ch. 145.