ARTICLE 2. Powers [5080. - 5081.]

Cal. Insurance Code - INS 2.
in effect

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.

Cal. 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

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Cal. Insurance Code - INS 2. — ARTICLE 2. Powers [5080. - 5081.] | Insurance Code - INS — California | Corpus