Statute · California Insurance Code
Cal. Ins. Code § 10440 — Regulation of Internal Affairs of Mutual Insurers
Cal. Ins. Code § 10440
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In any meeting of members of a domestic mutual insurer writing classes of insurance which include life or disability insurance, the presence in person or by proxy or written vote of 5 percent of the members entitled to vote shall constitute a quorum for the transaction of business unless a…
Citator
Cal. Ins. Code § 10440 — Regulation of Internal Affairs of Mutual Insurers is in force in the current edition of the Code, and nothing recorded condemns it.
In any meeting of members of a domestic mutual insurer writing classes of insurance which include life or disability insurance, the presence in person or by proxy or written vote of 5 percent of the members entitled to vote shall constitute a quorum for the transaction of business unless a higher percentage is required by this code or by the by-laws or articles of incorporation of the insurer.