SECTIONS 620-623 - California Statutes

INSURANCE CODE

SECTION 620-623

620. A contract of reinsurance is one by which an insurer procures
a third person to insure him against loss or liability by reason of
such original insurance.

621. A reinsurance is presumed to be a contract of indemnity
against liability, and not merely against damage.

622. Where an insurer obtains reinsurance, he must communicate all
the representations of the original insured, and also all the
knowledge and information he possesses, whether previously or
subsequently acquired, which are material to the risk.

623. The original insured has no interest in a contract of
reinsurance.