Cal. Ins. Code § 1102

Current through the 2023 Legislative Session.

Section 1102 - Financial obligation of officer, director, trustee not guaranteed by insurer

The financial obligation of any officer, director, trustee, or other person having authority in the management of an insurer's funds shall not be guaranteed by such insurer in any capacity, and any such guarantee shall be void.

Ca. Ins. Code § 1102

Amended by Stats. 1937, Ch. 736.