There is a newer version of the California Code
2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
ARTICLE 2. Powers
Section 5081
CA Ins Code § 5081 (through 2012 Leg Sess) What's This?
Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.
(Added by Stats. 1945, Ch. 96.)
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