The trustee has the power to insure the property of the trust against damage or loss and to insure the trustee against liability with respect to third persons.
Cal. Prob. Code § 16240
Specific Powers of Trustees
Known as the Trust Law
The act spans §§ 15000–19403 (351 sections).
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.