Section 4061 Of Article 6. Nonassessable Policies From California Insurance Code >> Division 2. >> Part 1. >> Chapter 4. >> Article 6.
4061
. The commissioner shall not authorize a domestic insurer to
extinguish the contingent liability of any of its members or in any
of its policies to be issued, unless it qualifies to and does
extinguish such liability of all its members and in all such policies
for all kinds of insurance transacted by it. No assessment shall be
levied against any member or subscriber with respect to any
nonassessable policy issued when the insurer had an unrevoked
certificate to issue nonassessable policies.