GroundRules
INS § 7014
Where this section sits in the code
- Insurance Code - INS
- DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
- PART 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]
- CHAPTER 5. County Mutual Fire Insurers [5050. - 7060.]
- ARTICLE 8. Assessments [7010. - 7018.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON