GroundRules
INS § 8091
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 6. County Mutual Fire Reinsurers [7080. - 9060.]
- ARTICLE 6. Assessments and Coverage of Loss [8090. - 8097.]
When the amount of such loss does not exceed one-eighth of one per cent of the total amount of insurance in force in the reinsurer, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.
Collected 2026-09-14T05:56:33Z. Source file · JSON