{"data":{"id":"us-ca/ins-7012","jurisdiction":"us-ca","citation":"INS § 7012","heading":"","body":"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 insurer, its directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow money in the name of the insurer and give its evidence of indebtedness therefor, in a total amount not exceeding one-eighth of one per cent of the total amount of insurance thus in force.","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"c3705a22e588fb57230e01910b72f4603a9afb1efccdaf530bd10cfc87678fc2","source_id":"us-ca","stale":false,"prev":"us-ca/ins-7011","next":"us-ca/ins-7013"},"notice":"GroundRules: Original legal text. Not legal advice."}