2007 California Insurance Code Article 2. Powers And Duties

CA Codes (ins:8010-8011)

8010.  Upon organizing under its articles of incorporation, such
reinsurer may carry on a fire reinsurance business as provided by
this chapter.


8011.  Such reinsurer and its directors shall possess such of the
usual powers, and be subject to such of the usual duties of
corporations and directors thereof as are necessary for the
management of its affairs in accordance with the provisions of this
chapter, including the power to prescribe the duties of its officers
and fix their compensation.