Section 8091 Of Article 6. Assessments And Coverage Of Loss From California Insurance Code >> Division 2. >> Part 1. >> Chapter 6. >> Article 6.

. When the amount of such loss does not exceed one-eighth of one per cent of the total amount of insurance in force in the reinsurer, the directors may, by resolution in writing signed by two-thirds of all the directors while present at a meeting, borrow in the name of the reinsurer and give its evidence of indebtedness therefor, in an amount not exceeding one-eighth of one per cent of the total amount of such insurance in force.