California

Insurance Code

4,514 sections, each with the official text and a plain-English explanation of what it means for you.

• § 284 — Except in the case of a property held by the insured as a carrier or depositary, the measure of an insurable interest in property is the extent to which the insured might be damnified by loss or injur
• § 285 — A carrier or depositary of any kind has an insurable interest in a thing held by him as such, to the extent of its value.
• § 286 — An interest in property insured must exist when the insurance takes effect, and when the loss occurs, but need not exist in the meantime; an interest in the life or health of a person insured must exi
• § 287 — Every stipulation in a policy of insurance for the payment of loss whether the person insured has or has not any interest in the property insured, or that the policy shall be received as proof of such
• § 29 — “Mortgage” includes a trust deed, “mortgagor” includes a trustor under such trust deed, “mortgagee” includes a beneficiary under such trust deed, or a trustee exercising powers or performing duties gr
• § 3 — All persons who, at the time this code goes into effect, hold office under any of the acts repealed by this code, which offices are continued by this code, continue to hold the same according to the f
• § 30 — “Resident” means residing in this State, “nonresident” means not residing in this State.
• § 300 — Except in the cases specified in the next four sections, and in the cases of life and disability insurance, a change of interest in any part of a subject insured, unaccompanied by a corresponding chan
• § 301 — A change of interest in a subject insured, after the occurrence of an injury which results in a loss, does not affect the right of the insured to indemnity for the loss.
• § 302 — A change of interest in one or more of several distinct subjects, separately insured by one policy, does not avoid the insurance as to the others.
• § 303 — A change of interest by will or succession, on the death of the insured, does not avoid insurance; and his interest in the insurance passes to the person taking his interest in the subject matter insu
• § 304 — In the case of partners, joint owners, or owners in common, who are jointly insured, a transfer of interest by one to another thereof does not avoid insurance, even though it has been agreed that the
• § 305 — The mere transfer of subject matter insured does not transfer the insurance, but suspends it until the same person becomes the owner of both the insurance and the subject matter insured.
• § 31 — “Insurance agent” means a person authorized, by and on behalf of an insurer, to transact all classes of insurance other than life, disability, or health insurance, on behalf of an admitted insurance c
• § 32 — (a) A life and accident and health or sickness licensee is a person authorized to act as a life agent on behalf of a life insurer or a disability insurer to transact any of the following: (1) Life ins
• § 32.5 — “Life and disability insurance analyst” means a person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or o
• § 33 — “Insurance broker” means a person who, for compensation and on behalf of another person, transacts insurance other than life, disability, or health with, but not on behalf of, an insurer.
• § 33.5 — (a) “Casualty broker-agent” means a person licensed pursuant to Section 1625.
• § 330 — Neglect to communicate that which a party knows, and ought to communicate, is concealment.
• § 331 — Concealment, whether intentional or unintentional, entitles the injured party to rescind insurance.
• § 332 — Each party to a contract of insurance shall communicate to the other, in good faith, all facts within his knowledge which are or which he believes to be material to the contract and as to which he mak
• § 333 — Neither party to a contract of insurance is bound to communicate information of the matters following, except in answer to the inquiries of the other: 1.
• § 334 — Materiality is to be determined not by the event, but solely by the probable and reasonable influence of the facts upon the party to whom the communication is due, in forming his estimate of the disad
• § 335 — Each party to a contract of insurance is bound to know: (a) All the general causes which are open to his inquiry equally with that of the other, and which may affect either the political or material p
• § 336 — The right to information of material facts may be waived, either (a) by the terms of insurance or (b) by neglect to make inquiries as to such facts, where they are distinctly implied in other facts of
• § 337 — Information of the nature or amount of the interest of one insured need not be communicated unless in answer to an inquiry, except as prescribed by section 381, or by the provisions of the insurance c
• § 338 — An intentional and fraudulent omission, on the part of one insured, to communicate information of matters proving or tending to prove the falsity of a warranty, entitles the insurer to rescind.
• § 339 — Neither party to a contract of insurance is bound to communicate, even upon inquiry, information of his own judgment upon the matters in question.
• § 34 — “Insurance solicitor” means a natural person employed to aid a property and casualty broker-agent acting as an insurance agent or insurance broker in transacting insurance other than life, disability,
• § 35 — “Transact” as applied to insurance includes any of the following: (a) Solicitation.
• § 350 — A representation may be oral or written.
• § 351 — A representation may be made at the time of, or before, issuance of the policy.
• § 352 — The language of a representation is to be interpreted by the same rules as contracts in general.
• § 353 — A representation as to the future is a promise, unless it is merely a statement of a belief or an expectation.
• § 354 — A representation cannot qualify an express provision in a contract of insurance; but it may qualify an implied warranty.
• § 355 — A representation may be altered or withdrawn before the insurance is effected, but not afterwards.
• § 356 — The completion of the contract of insurance is the time to which a representation must be presumed to refer.
• § 357 — When an insured has no personal knowledge of a fact, he may nevertheless repeat information which he has upon the subject, and which he believes to be true, with the explanation that he does so on the
• § 358 — A representation is false when the facts fail to correspond with its assertions or stipulations.
• § 359 — If a representation is false in a material point, whether affirmative or promissory, the injured party is entitled to rescind the contract from the time the representation becomes false.
• § 36 — “Paid-in capital” or “capital paid-in” means: (a) In the case of a foreign mutual insurer not issuing or having outstanding capital stock, the value of its assets in excess of the sum of its liabiliti
• § 360 — The materiality of a representation is determined by the same rule as the materiality of a concealment.
• § 361 — The provisions of this chapter apply as well to a modification of a contract of insurance as to its original formation.
• § 37 — Provisions of this code relating to a particular class of insurance or a particular type of insurer prevail over provisions relating to insurance in general or insurers in general.
• § 38 — Unless expressly otherwise provided, any notice required to be given to any person by any provision of this code may be given by mailing notice, postage prepaid, addressed to the person to be notified
• § 38.6 — (a) (1) A written record required to be given or mailed to a person by a licensee, including an offer of renewal required by Sections 663 and 678, the notice of policy change or cancellation requested
• § 38.8 — Insurers shall maintain a system for electronically confirming a policyholder’s decision to opt in to an agreement to conduct transactions electronically and a system that will allow the policyholder
• § 380 — The written instrument, in which a contract of insurance is set forth, is the policy.
• § 381 — A policy shall specify: (a) The parties between whom the contract is made.
• § 381.1 — (a) The information described in subdivision (b) shall be provided to the policyholder at the time of application for, or issuance of, a policy of automobile insurance, as defined in Section 660, and
• § 381.2 — When a policy includes coverage for loss or damage to a specific item of personal property of the insured, which item is separately listed and described and on which item a separate amount of insuranc
• § 381.5 — (a) Every policy issued, amended, delivered, or renewed in this state shall provide coverage for the registered domestic partner of an insured or policyholder that is equal to, and subject to the same
• § 382 — Covering notes may be issued to bind insurance temporarily pending the issuance of the policy.
• § 382.5 — A binder which is issued in accordance with this section shall be deemed an insurance policy for the purpose of proving that the insured has the insurance coverage specified in the binder.
• § 383 — It is a misdemeanor: (a) For any insurer, or any agent of any insurer, to issue a policy in violation of the requirements of subdivision (f) of section 381.
• § 383.5 — “Document,” as used in this section, means a policy or a certificate evidencing insurance under a master policy.
• § 383.6 — The phrase “motor vehicle” or “motor vehicles” as used in Section 383.
• § 384 — (a) A certificate of insurance or verification of insurance provided as evidence of insurance in lieu of an actual copy of the insurance policy shall contain the following statements or words to the e
• § 386 — All policies issued by incorporated insurers shall be subscribed by the president or vice president, or chairman, or chief executive officer, or, in case of the death, absence, or disability of those
• § 387 — When the name of the person intended to be insured is specified in a policy, it can be applied only to his own interest.
• § 388 — When an insurance contract is executed with an agent or trustee as the insured, the fact that his principal or beneficiary is the real party in interest may be indicated by describing the insured as a
• § 389 — To render an insurance effected by one partner or part-owner applicable to the interest of his copartners, or of other part-owners, it is necessary that the terms of the policy should be such as are a
• § 39 — If any provision of this code, or the application thereof to any person or circumstance, is held invalid, the remainder of the code, or the application of such provision to other persons or circumstan
• § 390 — When the description of the insured in a policy is so general that it may comprehend any person or any class of persons, only he who can show that it was intended to include him can claim the benefit
• § 391 — A policy may be so framed that it will inure to the benefit of whomsoever, during the continuance of the risk, becomes the owner of the interest insured.
• § 392 — Any exception from the risk generally covered by a policy of insurance which insures property for the period of time when such property is under the dominion and control of a party other than the insu
• § 394 — (a) The commissioner may approve insurance policies and associated materials in languages other than English if the following conditions are met: (1) The policyholder is given a copy of the same mater
• § 395 — After a covered loss, an insurer shall provide, free of charge, a complete copy of the insured’s current insurance policy or certificate within 30 calendar days of receipt of a request from the insure
• § 396 — (a) An insurer shall do either of the following: (1) Maintain a verifiable process that allows a policyholder to designate in writing or by electronic transmission pursuant to Section 38.
• § 4 — No action or proceeding commenced before this code takes effect, and no right accrued, is affected by the provisions of this code, but all procedure thereafter taken therein shall conform to the provi
• § 40 — The existence of insurers formed prior to the date this code takes effect shall not be affected by the enactment of this code nor by any repeal of the laws under which they were formed, but such insur
• § 4010 — A “mutual” insurer is an insurance corporation without capital stock owned by its policyholders collectively, who have the right to vote in the election of its directors.
• § 4011 — The provisions of Section 36 shall apply to domestic mutual insurers as well as foreign mutual insurers.
• § 4012 — Domestic mutual insurers, incorporating or qualifying to transact any or all of the classes of insurance designated in Sections 100 through 123 and 700.
• § 4013 — (a) Each policyholder of a domestic mutual insurer, other than the holder of a reinsurance contract, is a member of the insurer during the policy period, as defined in the policy or the declarations p
• § 4014 — Any person, government or governmental agency, state or political subdivision thereof, public or private corporation, board, association, estate, trustee or fiduciary may be a policyholder member of a
• § 4015 — With respect to the management, records, and affairs of a domestic mutual insurer qualified to transact any or all of the classes of insurance designated in Section 700.
• § 4016 — Each member of a domestic mutual insurer is entitled to one vote upon each matter coming to a vote at meetings of members.
• § 4016.1 — Notice of all meetings of members whether annual or special shall be given in writing to the members entitled to vote by the secretary, or an assistant secretary, or other persons charged with that du
• § 4016.2 — (a) The presence in person or by proxy of 5 percent of the members of a domestic mutual insurer entitled to vote at any meeting shall constitute a quorum for the transaction of all business of the ins
• § 4017 — A member shall have the right to vote in person or by his written proxy filed with the corporate secretary not less than five days prior to the meeting.
• § 4018 — No member’s vote upon any proposal to divest the insurer of its business or assets, or the major part thereof, shall be registered or taken except in person or by proxy newly executed and specific as
• § 4019 — This chapter does not apply to a mutual insurer that has converted to a mutual legal reserve insurer pursuant to former Chapter 9 (commencing with Section 10810) of Part 2 of Division 2.
• § 4020 — The affairs of every domestic mutual insurer shall be managed by a board of directors consisting of not less than 5 directors nor more than 15 directors.
• § 4021 — Directors shall be elected by the members of a domestic mutual insurer at the annual meeting of members.
• § 4022 — A director of a mutual insurer shall be a policyholder thereof.
• § 4023 — As to an insurer operating as an authorized insurer only in the State of California, a majority of the members of the insurer’s board of directors shall be citizens of and shall actually reside in thi
• § 4030 — A domestic mutual insurer shall not hereafter make any contract whereby any person is granted or is to enjoy in fact the management of the insurer to the substantial exclusion of its board of director
• § 4031 — Any such contract shall provide that any such manager or producer of its business shall within 90 days after expiration of each calendar year furnish the insurer’s board of directors a written stateme
• § 4032 — The commissioner shall disapprove any such contract if he finds that it: (a) Subjects the insurer to excessive charges; or (b) Is to extend for an unreasonable length of time; or (c) Does not contain
• § 4033 — The commissioner may, after a hearing held thereon, withdraw his approval of any such contract theretofore approved by him, if he finds that the bases of his original approval no longer exist, or that
• § 4034 — The holder of any such contract described in this Article shall be subject to examination by the commissioner pursuant to Article 4 (beginning with Section 730), Chapter 1, Part 2, Division 1 of this
• § 4040 — A mutual insurer may borrow money to defray the expenses of its organization, provide it with surplus funds, or for any purpose of its business, upon a written agreement that the money is required to
• § 4042 — The issuance of any document evidencing any such loan shall require the commissioner’s securities permit under Article 8 of Chapter 1, Part 2, Division 1 (commencing with Section 820).
• § 4044 — This section shall not apply to loans obtained by the insurer in ordinary course of business from banks and other financial institutions, nor to loans secured by pledge or mortgage of assets.
• § 4050 — The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus funds which represents net realized savings,
• § 4051 — A dividend otherwise proper may be payable out of such savings, earnings, and gains even though the insurer’s total surplus is then less than the aggregate of contributed surplus remaining unpaid by t
• § 4052 — The payment of any such dividends on a workers’ compensation policy shall be subject to the provisions of Section 11738 and for that purpose a mutual policy shall be considered to be a participating p
• § 4060 — A domestic mutual insurer while maintaining unimpaired surplus funds not less in amount than one and one-half times the minimum paid-in capital stock required of a domestic stock insurer formed under
• § 4061 — The commissioner shall not authorize a domestic insurer to extinguish the contingent liability of any of its members or in any of its policies to be issued, unless it qualifies to and does extinguish
• § 4062 — A foreign or alien mutual insurer may issue nonassessable policies to its members in this State pursuant to its charter and the laws of its domicile.
• § 4063 — The commissioner shall revoke the certificate of a domestic mutual insurer to issue policies without contingent liability if (a) At any time the insurer’s assets are less than the sum of its liabiliti
• § 4064 — During the absence of such certificate the insurer shall not issue any policy without providing therein for the contingent liability of the policyholder, nor renew any policy which is then in force wi
• § 4070 — Such an insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the same classes of insurance.
• § 4080 — Such an insurer shall be subject to all the provisions of this code and all the applicable rules and regulations of the commissioner.
• § 4081 — Any county mutual fire insurer, or two or more such insurers, may merge into a general mutual insurer described in this chapter by following the procedure in Article 9.
• § 4090 — By following the procedure specified in this article, any domestic mutual insurer described in this article may merge, consolidate, or otherwise unite with or become a part of, or may reinsure all of
• § 4091 — The plan and agreement by which any such transaction is to be effected shall be approved by a resolution of the majority of the board of directors of each domestic mutual insurer reciting the reasons
• § 4092 — When any such plan and agreement shall have been approved by the commissioner, with any changes required by him, the same shall be approved in the case of each domestic mutual insurer that is a party
• § 4093 — If the vote is in the affirmative, a certified copy of all proceedings relating to the proposed transaction shall be filed with the commissioner.
• § 4094 — Any plan of merger, consolidation, or other unification under this article shall provide that all rights and properties of the parties to the plan of merger, consolidation or other unification shall a
• § 4095 — In the event a mutual insurer is merged, consolidated, or part of a reorganization under the procedures specified in this article, and the surviving, consolidated, or continuing company is an incorpor
• § 4096 — In the event a domestic mutual insurer is merged, consolidated, or a part of a reorganization under the procedures specified in this article, and the surviving, consolidated, or continuing company is
• § 4097 — (a) A domestic incorporated medical malpractice mutual insurer, issuing nonassessable policies on a reserve basis may be converted into an incorporated stock insurer issuing, on a reserve basis, nonas
• § 4097.01 — The definitions in this section apply to the following terms when used in this article.
• § 4097.02 — The plan of conversion shall include appropriate proceedings for amending the mutual company’s articles of incorporation to give effect to the conversion from a nonstock corporation into a stock corpo
• § 4097.03 — For the conversion of a medical malpractice mutual insurer, the plan of conversion shall provide for either a demutualization in compliance with Section 4097.
• § 4097.04 — For the demutualization of a mutual insurer into a stock insurer or for the demutualization of a mutual holding company into a stock corporation, the plan for conversion shall include the following: (
• § 4097.05 — A plan of conversion adopted by a medical malpractice mutual insurer to establish a mutual holding company shall provide that the medical malpractice mutual insurer will become a stock insurer, that t
• § 4097.06 — (a) The commissioner shall examine the plan submitted pursuant to subdivision (b) of Section 4097.
• § 4097.07 — The meeting of members prescribed by subdivision (c) of Section 4097.
• § 4097.08 — Nothing in this article shall be deemed to prohibit the inclusion in the plan of conversion of provisions under which the insurer’s officers, directors, employees, agents, and employee benefit plans f
• § 4097.09 — No director, officer, agent, or employee of the mutual company shall receive any fee, commission, or other valuable consideration whatsoever, other than regular salary and compensation, for in any man
• § 4097.10 — At any time before that plan of conversion becomes effective as provided in Section 4097.
• § 4097.11 — (a) Upon consent by the commissioner to the plan of conversion of a mutual insurer and filing of the plan of conversion in accordance with the provisions of this article, the commissioner shall issue
• § 4097.12 — (a) Upon the effective date of a plan of conversion in accordance with Section 4097.
• § 4097.13 — (a) Prior to, and for a period of five years following, the effective date of the plan of conversion, no person or group of persons acting in concert shall directly or indirectly offer to acquire or a
• § 4097.14 — Unless otherwise provided in the plan of conversion, the directors and officers of the mutual company shall serve as directors and officers of the converted company until new directors and officers ha
• § 4097.15 — (a) Notwithstanding any other provision of law and except as otherwise provided in subdivision (b), actions concerning any plan of conversion, proposed plan of conversion, plan amendment, or proposed
• § 4097.16 — The offer or sale of securities, including any debt securities, issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this article, shall be exempt from
• § 4097.17 — The commissioner shall have the authority from time to time, to make, amend, and rescind any rules and regulations as may be necessary to carry out the provisions of this article.
• § 4097.18 — Upon completion of the act of conversion and issuance of the certificate of authority under Section 4097.
• § 4097.19 — (a) The amended articles of incorporation of a converted company that have been adopted pursuant to a plan of conversion and filed with the Secretary of State in accordance with Section 4097.
• § 4097.20 — If the name of a mutual insurer converting to a stock insurer pursuant to this article includes the word “mutual,” the new stock insurer may continue to use the word “mutual” in its name if the name i
• § 41 — All insurance in this State is governed by the provisions of this code.
• § 410 — A policy is either open or valued.
• § 411 — An open policy is one in which the value of the subject matter is not agreed upon, but is left to be ascertained in case of loss.
• § 412 — A valued policy is one which expresses on its face an agreement that the thing insured shall be valued at a specified sum.
• § 413 — A running policy is one which contemplates successive insurances, and which provides that the object of the policy may be from time to time defined, especially as to the subjects of insurance, by addi
• § 42 — The designation of insurance coverage as “group” in any code or law of this state other than this code does not authorize its representation as a group coverage or as a group policy, certificate, or c
• § 430 — The policies issued by every insurer shall be entitled by its own name or a name approved by the commissioner under Section 881 or 882, printed on each policy in large bold type in at least as large a
• § 44 — Any person who willfully and knowingly makes, circulates, or transmits to another any false written or printed statement for the purpose of damaging the financial condition or stability of any insuran
• § 440 — A warranty is either express or implied.
• § 441 — A statement in a policy of a matter relating to the person or thing insured, or to the risk, as a fact, is an express warranty thereof.
• § 442 — A particular form of words is not necessary to create a warranty.
• § 443 — Every express warranty made at or before the execution of a policy shall be contained in the policy itself, or in another instrument signed by the insured and referred to in the policy, as making a pa
• § 444 — A warranty may relate to the past, the present, the future, or to any or all of these.
• § 445 — A statement in a policy, which imports that there is an intention to do or not to do a thing which materially affects the risk, is a warranty that such act or omission will take place.
• § 446 — When, before the time arrives for the performance of a warranty relating to the future, a loss insured against happens, or performance becomes unlawful at the place of the contract, or impossible, the
• § 447 — The violation of a material warranty or other material provision of a policy, on the part of either party thereto, entitles the other to rescind.
• § 448 — Unless the policy declares that a violation of specified provisions thereof shall avoid it, the breach of an immaterial provision does not avoid the policy.
• § 449 — A breach of warranty without fraud merely exonerates an insurer from the time that it occurs, or where the warranty is broken in its inception, prevents the policy from attaching to the risk.
• § 45 — (a) “Electronic funds transfer” means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, telepho
• § 46 — The Legislature hereby declares its intent that the term “workmen’s compensation” shall hereafter also be known as “workers’ compensation.
• § 460 — On and after January 1, 1972, every printed form of an insurance contract, including every policy, endorsement, rider, or any amendment thereof issued in this state by any insurer or issued for delive
• § 47 — “Surplus line broker” means a person licensed under Section 1765 and authorized to do business under Chapter 6 (commencing with Section 1760) of Part 2 of Division 1.
• § 48 — A “surplus line broker certificate” means a certificate issued by a surplus line broker to an insurance purchaser as evidence of the placement of insurance with an eligible nonadmitted insurer in acco
• § 480 — An insurer is entitled to payment of the premium as soon as the subject matter insured is exposed to the peril insured against.
• § 481 — (a) Unless the insurance contract otherwise provides, a person insured is entitled to a return of his or her premium if the policy is canceled, rejected, surrendered, or rescinded, as follows: (1) To
• § 481.1 — (a) In the event any conditional receipt, binder, or other evidence of temporary or implied insurance, except ocean marine insurance as defined in Section 481 and those classes of insurance as defined
• § 481.5 — (a) Whenever a policy of personal lines insurance terminates for any reason, or there is a reduction in coverage, the insurer shall tender the gross unearned premium resulting from the termination, or
• § 482 — Except as provided by section 481, or by the insurance contract, if a peril insured against has existed, and the insurer has been liable for any period, however short, the insured is not entitled to r
• § 483 — A person insured is entitled to a return of the premium: (a) When the contract is voidable, on account of the fraud or misrepresentation of the insurer.
• § 484 — An acknowledgment in a policy of the receipt of premium is conclusive evidence of its payment, so far as to make the policy binding.
• § 485 — In case of an overinsurance by several insurers, the insured is entitled to a ratable return of the premium, proportioned to the amount by which the aggregate sum insured in all the policies exceeds t
• § 486 — When an overinsurance is effected by simultaneous policies, the insurers contribute to the premium to be returned in proportion to the amount insured by their respective policies.
• § 487 — When an overinsurance is effected by successive policies, those only contribute to a return of the premium who are exonerated by prior insurance from the liability assumed by them, and in proportion a
• § 488 — No insurer shall, in issuing or renewing a private passenger automobile insurance policy, increase the premium on that policy for the reason that the insured or applicant for insurance has been convic
• § 488.5 — (a) An insurer shall not, in issuing or renewing a private automobile insurance policy to a peace officer, member of the Department of the California Highway Patrol, or firefighter, with respect to hi
• § 489 — (a) Upon issuance of a policy of insurance described in Section 660, the insurer or its agent shall deliver to the named insured a notice explaining the manner in which the insurer’s rating plan provi
• § 491 — The rating plan of a motor vehicle liability insurer shall not provide for an increase in the premium if based upon an accident in which the insured is not at fault, in any manner, as determined by ei
• § 5 — Unless the context otherwise requires, the general provisions hereinafter set forth shall govern the construction of this code.
• § 500 — Whenever any insurer has, as a regular course of conduct, sent renewal premium notices to an insured, and intends to discontinue that practice, it shall notify such insured of its intention not to sen
• § 5050 — Two hundred fifty (250) or more persons residing in one county of this State may incorporate for the purpose of forming a mutual fire insurer upon all such persons agreeing to: (a) Secure fire insuran
• § 5050.1 — If such persons have not performed all acts and secured all agreements necessary to complete the incorporation of such insurer within one year from the date of their first securing an agreement from a
• § 5050.5 — Any county mutual fire insurer heretofore or hereafter incorporated and doing business under the provisions of this chapter may, if it has issued an insurance policy against fire, and as long as it ma
• § 5051 — Upon the payment in advance of seven thousand fifty-five dollars ($7,055) to the commissioner for all services to be rendered by him or her in the matter of organization of the insurer, those persons
• § 5052 — The commissioner shall examine the proposed articles of incorporation.
• § 5053 — The duly executed articles of incorporation and a copy of the certificate of the commissioner shall be filed with the Secretary of State in conformity with Section 200 of the Corporations Code.
• § 5054 — The articles of incorporation and certificate obtained by any county mutual fire insurer operating under the provisions of this chapter are subject to control and modification by the Legislature of th
• § 5055 — The by-laws and all amendments thereto shall be filed with the commissioner within sixty days after their adoption.
• § 5056 — Such insurer shall have not less than seven, nor more than 11 directors, a majority of whom shall constitute a quorum to do business.
• § 5057 — The annual meeting of the members of the insurer shall be held on the second Monday of February of each year, unless its board of directors fixes the time for the annual meeting in which event the boa
• § 5058 — In the election of the first board of directors each member shall be entitled to one vote.
• § 5059 — A member may cast his votes in person or by proxy, distributing them among the directors to be elected, or among a less number of the directors, or cumulating them upon one candidate, as he sees fit.
• § 5060 — The directors shall elect, from their own number, a president and a vice president.
• § 5061 — The treasurer and secretary shall give bonds to the insurer for the faithful performance of their duties, in such amounts as are prescribed by the board of directors.
• § 5062 — No incorporators or persons acting in their behalf or other persons participating in the management of such insurer shall advance to or for the subscribers or members any premium, special deposit or a
• § 5063 — No such insurer may enter into any general agency or management contract whereby it authorizes or delegates to a person the right to assume virtual control of its operations or of the production of bu
• § 5080 — Such insurer and its directors possess the usual powers, and are subject to the usual duties of corporations and directors.
• § 5081 — Such insurer may accumulate such surplus as its directors deem desirable for meeting contingencies, to cover the catastrophe hazard, and for general corporate purposes.
• § 5090 — Any person having an insurable interest in property in the county in which any such insurer is formed or any person having such an interest in property in any adjoining county may become a member by i
• § 5090.2 — Not more than one person licensed as an insurance agent, broker or solicitor, or who is a member of an association or partnership or a stockholder or employee of a corporation which is so licensed is
• § 5091 — Any member of such insurer may commence to withdraw therefrom by surrendering his policy for cancellation, and by giving notice in writing to the secretary at any time during the life of the policy an
• § 5092 — The withdrawal may be completed by paying the member’s share, if any, under the terms of his policy, of all claims that exist against the insurer on the day of such completion.
• § 5093 — The insurer may cancel any policy by giving the insured 20 days’ written notice of cancellation with or without tender of the excess of paid premium above the pro rata premium for the expired time, wh
• § 5094 — In case of cancellation by the insurer it shall also notify in the same manner any holder of a mortgage whose name appears, either on the signed application which is a part of the policy, or otherwise
• § 510 — (a) Whenever a policy of insurance specified in Section 660 or 675, a policy of life insurance as defined in Section 101, a policy of disability insurance as defined in Section 106, or a certificate o
• § 515 — (a) (1) Notwithstanding any other law, an insurer issuing policies of automobile liability insurance or motor vehicle liability insurance shall, upon request of either the named insured or the Departm
• § 520 — An agreement not to transfer the claim of the insured against the insurer after a loss has happened, is void if made before the loss except as otherwise provided in Article 2 of Chapter 1 of Part 2 of