Cal. Insurance Code - INS § 5080. Section 5080.
Such insurer and its directors possess the usual powers, and are subject to the usual duties of corporations and directors.
ARTICLE 2. Powers [5080. - 5081.]
Cal. Insurance Code - INS 2.
in effectCal. Insurance Code - INS § 5081. Section 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.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026