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2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
ARTICLE 1. Organization and Powers
Section 11777


CA Ins Code § 11777 (through 2012 Leg Sess) What's This?

Such cash dividend or credit is to be in an amount which the board of directors in its discretion considers to be the employer s proportion of divisible surplus.

(Amended by Stats. 1947, Ch. 520.)

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