Ins. Code, § 1307 · Article 2. Organization of Exchange
Ins. Code, § 1307
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The power of attorney and contracts made thereunder may:
(a) Provide for the right of substitution of attorney and revocation of the contract or power.
(b) Impose such restrictions upon the exercise of the power as are agreed upon by the subscribers.
(c) Provide for and limit the maximum amount to be paid by subscribers, except that contracts of exchanges writing either liability or workers’ compensation insurance shall be subject to the provisions of Article 6 of this chapter.
(d) Provide for the exercise of any right reserved to the subscribers directly or through a board or other body.
Notes and commentary — not statutory text
History
Amended by Stats. 2018, Ch. 231, Sec. 6. (AB 2045) Effective January 1, 2019.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1307.
- Text hash
- sha256 1210f5f28881684b1f1857da1b24024a86f87ca95613c573039ea255b35c252d
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Insurance Code
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