Cal. Ins. Code § 8096

Current through the 2023 Legislative Session.

Section 8096 - Liability of director for refusal or neglect to perform duties

The directors of any such reinsurer who wilfully refuse or neglect to perform the duties imposed upon them by law or by the by-laws of the reinsurer are liable in their individual capacity to the reinsurer sustaining loss.

Ca. Ins. Code § 8096

Enacted by Stats. 1935, Ch. 145.