Indemnification of agents of corporation; insurance (s. 317(i))

What this document is

California Corporations Code s. 317: Indemnification of agents of corporation; insurance (s. 317(i)) is a state statute published by California Legislative Information (leginfo.legislature.ca.gov). It is one of the California documents that insurance license exam questions are written from, including california property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Cal. Corp. Code § 317(i)

  “A corporation shall have power to purchase and maintain insurance on behalf of any agent of the corporation against any liability asserted against or incurred by the agent in that capacity or arising out of the agent’s status as such whether or not the corporation would have the power to indemnify...”

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