Insurance Code § 8096
‹ § 8095§ 8097 ›Open in browserleginfo ↗8096.
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.
(Enacted by Stats. 1935, Ch. 145.)