2009 California Insurance Code - Section 5080-5081 :: Article 2. Powers

INSURANCE CODE
SECTION 5080-5081


5080.  Such insurer and its directors possess the usual powers, and
are subject to the usual duties of corporations and directors.

5081.  Such insurer may accumulate such surplus as its directors
deem desirable for meeting contingencies, to cover the catastrophe
hazard, and for general corporate purposes.

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