Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.
(Added by Stats. 1945, Ch. 96.)
Ins. Code § 5081, under Powers.
Ins. Code § 5081
Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.
(Added by Stats. 1945, Ch. 96.)