§ 10070 In July of every year, there shall be held a meeting of every …
§ 10071 Ten days’ notice of the meeting shall be inserted in at least one …
§ 10072 At such meeting each insurer or insurance agent, doing a fire …
§ 10073 A majority of the whole number so represented may decide the question …
§ 10074 The amount of expense so fixed shall not exceed two per cent of the …
§ 10075 Such assessment is collectible by and in the name of the corporation, …
§ 10076 In order to pay persons employed by the corporation, and to maintain …
§ 10077 Each statement shall be under oath and shall be handed to the …
§ 10078 The secretary of such corporation shall, within the prescribed ten …
§ 10079 The demand may be delivered personally at the office of every person …
§ 10080 The corporation may bring action to recover such penalty, with costs, …

Terms Used In California Codes > Insurance Code > Division 2 > Part 1 > Chapter 8 > Article 4 - Meetings and Assessments

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • department: means State Department of Health Services. See California Health and Safety Code 20
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Insurance agent: means a person authorized, by and on behalf of an insurer, to transact all classes of insurance other than life, disability, or health insurance, on behalf of an admitted insurance company. See California Insurance Code 31
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19
  • Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
  • State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.