Cal. Insurance Code § 1450 : California Insurance Code — General Rules Governing Insurance — Reciprocal Insurers — Suits — Authority to sue or be sued Date: 15 Sep 2016 TEXT PDF Current through the 2016 Legislative Session The exchange may sue or be sued in its own name as in the case of an individual. Any judgment rendered against the exchange shall be binding upon each subscriber only in such proportion as his interests may appear. Ca. Ins. Code § 1450