Statute · California Insurance Code

Cal. Ins. Code § 11092 — Powers of Commissioner

Cal. Ins. Code § 11092

Type: Statute
Source: California Insurance Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

The commissioner shall act as prescribed in Section 11093 when upon investigation he finds that a domestic society:

Citator

Cal. Ins. Code § 11092 — Powers of Commissioner is in force in the current edition of the Code, and nothing recorded condemns it.

The commissioner shall act as prescribed in Section 11093 when upon investigation he finds that a domestic society:

(a) Has exceeded its power;

(b) Has failed to comply with any provision of this chapter;

(c) Is not fulfilling its contracts in good faith;

(d) Has a membership of less than 400 after an existence of one year; or

(e) Is transacting business fraudulently or in a manner hazardous to its members, creditors, the public or the business.