A reinsurance is presumed to be a contract of indemnity against liability, and not merely against damage.
Cal. Ins. Code § 621
Reinsurance
Applied in 3 court decisions — leading case 183 Cal. App. 3d 307 - Ascherman v. General Reinsurance Corp. (1986)
Most recently applied in 42 Cal. 4th 358 - Catholic Mutual Relief Society v. Superior Court (August 2007)
Enacted by Stats. 1935, Ch. 145.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.