An insurer shall not transact any class of insurance which is not authorized by its charter.
Cal. Ins. Code § 680
Charter Requirements
Applied in 1 court decision — leading case 36 Cal. 4th 495 - Boghos v. Certain Underwriters at Lloyd's of London (2005)
Most recently applied in 36 Cal. 4th 495 - Boghos v. Certain Underwriters at Lloyd's of London (July 2005)
Enacted by Stats. 1935, Ch. 145.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.