The Legislature finds and declares that the provisions of this chapter are for the purpose of providing a means for a bona fide for-profit or nonprofit association or individual business to insure against liability and those obligations imposed by statute.
Cal. Ins. Code § 126
Risk Retention
Known as the California Risk Retention Act
The act spans §§ 125–140 (14 sections).
Added by Stats. 1990, Ch. 1521, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.