A director of any such insurer who wilfully refuses or neglects to perform the duties imposed upon him by law or by the insurer’s by-laws shall be liable in his individual capacity to the person sustaining a loss.
Cal. Ins. Code § 7018
Assessments
Applied in 1 court decision — leading case Jones v. Benson (1941)
Most recently applied in Jones v. Benson (June 1941)
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.