Section 7080 Of Article 1. Formation And Organization From California Insurance Code >> Division 2. >> Part 1. >> Chapter 6. >> Article 1.

. Five or more insurers, operating under Chapter 5 of this part and having insurance liabilities exceeding a total of $150,000 which they wish to reinsure, may incorporate for the purpose of mutual reinsurance against any loss or damage by any hazard which county mutual fire insurers may insure.