Any persons may exchange reciprocal or interinsurance contracts with one another providing insurance, other than life, title, mortgage, mortgage guaranty, or insolvency insurance, among themselves against any loss which may be insured against under other provisions of law.
Cal. Ins. Code § 1300
Organization of Exchange
Applied in 1 court decision — leading case 116 Cal. App. 4th 446 - Fire Insurance Exchange v. Superior Court (2004)
Most recently applied in 116 Cal. App. 4th 446 - Fire Insurance Exchange v. Superior Court (March 2004)
Amended by Stats. 1971, Ch. 341.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.