Article 4. Risks of California Insurance Code >> Division 2. >> Part 1. >> Chapter 6. >> Article 4.

Restrictions on risks as to "distances," "city or town block," "closely built up district," "one risk," and "clear space," in chapter 5 of this part are binding upon such reinsurers and shall govern the writing of all reinsurance.

All such reinsurers shall classify the reinsured subject matter at the time of issuing policies thereon, under rates corresponding as nearly as practicable to the several kinds of subject matter.

Such reinsurer may write reinsurance on property which is located in this State and which is insured in any member insurer.

Such reinsurer shall not at any time write reinsurance, subject to one risk, in excess of five per cent of the total amount of reinsurance on its books at the time of accepting the risk.