Statute · California Insurance Code
Cal. Ins. Code § 10490.2 — Qualifications and Exemptions
Cal. Ins. Code § 10490.2
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If an association described in Section 10490.1 has operated pursuant thereto since January 1, 1945, it may procure a certificate of exemption from the commissioner upon meeting all of the requirements of this article relating thereto except those of Section 10494. Thereafter such association…
Citator
Cal. Ins. Code § 10490.2 — Qualifications and Exemptions is in force in the current edition of the Code, and nothing recorded condemns it.
If an association described in Section 10490.1 has operated pursuant thereto since January 1, 1945, it may procure a certificate of exemption from the commissioner upon meeting all of the requirements of this article relating thereto except those of Section 10494. Thereafter such association shall be subject to:
(a) All of the requirements of this article relating to an association holding a certificate of exemption except Section 10494, and
(b) The limitations of Section 10490.1, except that it may pay disability benefits in amounts not exceeding three thousand six hundred dollars ($3,600) in the aggregate in any one calendar year on account of the disability of any one person.