ARTICLE 9. Suits [1450. - 1453.]

Cal. Insurance Code - INS 9.
in effect

Cal. Insurance Code - INS § 1450. Section 1450.

The exchange may sue or be sued in its own name as in the case of an individual. Any judgment rendered against the exchange shall be binding upon each subscriber only in such proportion as his interests may appear.

Cal. Insurance Code - INS § 1451. Section 1451.

No action shall lie against any subscriber, upon any obligation made or incurred in the name of the exchange, until a final judgment has been obtained against the exchange and remains unsatisfied for thirty days.

Cal. Insurance Code - INS § 1452. Section 1452.

Process may be served upon the commissioner as provided in Article 1 (commencing with Section 12919) of Chapter 2 of Division 3.

Cal. Insurance Code - INS § 1453. Section 1453.

A judgment rendered in any case where service of process has been made on the commissioner shall be binding against the subscribers as their interests appear.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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