Statute · California Insurance Code

Cal. Ins. Code § 1308 — Organization of Exchange

Cal. Ins. Code § 1308

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

The body exercising the subscribers’ rights shall be selected under such rules as the subscribers adopt. It shall supervise the finances of the exchange and shall supervise its operations to such extent as to assure conformity with the subscriber’s agreement and power of attorney.

Citator

Cal. Ins. Code § 1308 — Organization of Exchange is in force in the current edition of the Code, and nothing recorded condemns it.

The body exercising the subscribers’ rights shall be selected under such rules as the subscribers adopt. It shall supervise the finances of the exchange and shall supervise its operations to such extent as to assure conformity with the subscriber’s agreement and power of attorney.