There is a newer version of the California Code
2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
ARTICLE 8. Assessments
Section 7011
CA Ins Code § 7011 (through 2012 Leg Sess) What's This?
Upon being convened for the purpose, the directors shall make an assessment upon all of the property insured in the insurer. Such assessment shall be in proportion to the amount for which each piece of property is insured, taken in connection with the rate of premium under which it is classified.
(Enacted by Stats. 1935, Ch. 145.)
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