California Insurance Code 10090 – The purposes of this chapter are to do all of the …
The purposes of this chapter are to do all of the following:
(a) To assure stability in the property insurance market for property located in the State of California.
Terms Used In California Insurance Code 10090
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
(b) To assure the availability of basic property insurance as defined by this chapter.
(c) To encourage maximum use, in obtaining basic property insurance, of the normal insurance market provided by admitted insurers and licensed surplus line brokers.
(d) To provide for the equitable distribution among admitted insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the normal insurance market by the establishment of a FAIR Plan (fair access to insurance requirements), an industry placement facility and a joint reinsurance association.
(Amended by Stats. 1969, Ch. 649.)