SECTIONS 8050-8053 - California Statutes

INSURANCE CODE

SECTION 8050-8053

8050. 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.

8051. 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.

8052. Such reinsurer may write reinsurance on property which is
located in this State and which is insured in any member insurer.

8053. 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.