SECTIONS 9010-9012 - California Statutes

INSURANCE CODE

SECTION 9010-9012

9010. Any member of such reinsurer may cancel any policy of
reinsurance at any time while the reinsurer continues its reinsurance
business.

9011. The cancellation may be accomplished only by complying with
all of the following requirements:
(a) Surrender of policy for cancellation.
(b) Giving ten days' notice in writing to the secretary of the
reinsurer.
(c) Payment of the member's share of all claims that exist against
the reinsurer.

9012. The reinsurer may cancel or terminate any policy by giving
the member ten days' written notice and returning to it any excess of
premium paid during the term of the policy over the cost of its
reinsurance as measured by the rules or methods of admitted fire
insurers issuing nonassessable policies on a reserve basis.