Insurance Code § 8093
‹ § 8092§ 8094 ›Open in browserleginfo ↗8093.
The board of directors may at their annual meeting levy an assessment not exceeding twenty-five cents on the $100 of reinsurance. The sum so raised shall constitute a reserve fund to be used in emergency cases only. Another assessment for this purpose shall not be made while this reserve fund remains intact.
(Enacted by Stats. 1935, Ch. 145.)