Cal. Ins. Code § 7018

Current through the 2023 Legislative Session.

Section 7018 - Liability of director for neglecting or refusing to perform duties imposed by law

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.

Ca. Ins. Code § 7018

Enacted by Stats. 1935, Ch. 145.