California § 8090 - When the amount of any ascertained loss exceeds the cash funds of the reinsurer a

Full text of California Public Contract Code - PCC § 8090 — When the amount of any ascertained loss exceeds the cash funds of the reinsurer a, with citation guidance and answers to common questions.

§ 8090. When the amount of any ascertained loss exceeds the cash funds of the reinsurer a

When the amount of any ascertained loss exceeds the cash funds of the reinsurer and also exceeds one-eighth of one per cent of the total amount of the insurance in force in the reinsurer, the president shall convene its directors. On so convening, the directors shall assess each member in proportion to the member’s reinsurance, taken in connection with the rate of premium under which such reinsurance is classified.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 8090

What does Public Contract Code - PCC § 8090 cover?

Section 8090 ("When the amount of any ascertained loss exceeds the cash funds of the reinsurer a") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 8090?

A common citation format is "Public Contract Code - PCC § 8090" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 8090 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.