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Section 9080.3 Of Chapter 7. Fraternal Fire Insurers From California Insurance Code >> Division 2. >> Part 1. >> Chapter 7.
9080.3
. Any religious organization engaged in the business of
writing fire insurance solely for its members and its churches on the
effective date of this section, and which has been doing so
continuously in California since January 1, 1925, is subject to all
applicable provisions of this chapter.
Any religious organization described in this section shall not
write insurance:
(a) In excess of 10 percent of its capital and surplus as shown in its last statement on file with the commissioner, on any one risk, or in excess of 20 percent of its capital and surplus as shown in its last statement on file with the commissioner in any one city block within an incorporated city without immediately reinsuring the excess over those amounts.
(b) On business property within any incorporated city.
(a) In excess of 10 percent of its capital and surplus as shown in its last statement on file with the commissioner, on any one risk, or in excess of 20 percent of its capital and surplus as shown in its last statement on file with the commissioner in any one city block within an incorporated city without immediately reinsuring the excess over those amounts.
(b) On business property within any incorporated city.
