California Code
PART 2 - THE BUSINESS OF INSURANCE
CHAPTER 3 - Reciprocal Insurers

ARTICLE 1 - General Provisions

Section 1280. - 1280. This chapter shall not in any way affect the...

Section 1280.5. - 1280.5. This chapter and the other provisions of this code...

Section 1280.7. - 1280.7. (a) This chapter and the other provisions of this...

Section 1281. - 1281. Reciprocal or interinsurance contracts, the exchange thereof, the subscribers,...

Section 1282. - 1282. (a) The following provisions of this code shall not...

Section 1283. - 1283. The provisions of Part 7, Division 2 of the...

Section 1284. - 1284. Notwithstanding any other provision of this chapter or of...

ARTICLE 2 - Organization of Exchange

Section 1300. - 1300. Any persons may exchange reciprocal or interinsurance contracts with...

Section 1301. - 1301. Such persons are termed subscribers. (Enacted by Stats. 1935,...

Section 1302. - 1302. Any domestic corporation, in addition to the rights, powers...

Section 1303. - 1303. The organization under which such subscribers so exchange contracts...

Section 1305. - 1305. Such contracts may be executed by an attorney-in-fact, agent...

Section 1306. - 1306. The principal office of the attorney shall be maintained...

Section 1307. - 1307. The power of attorney and contracts made thereunder may:...

Section 1308. - 1308. The body exercising the subscribers’ rights shall be selected...

Section 1309. - 1309. Such body shall have authority to procure the audit...

Section 1310. - 1310. Such body shall be composed of subscribers or agents...

Section 1310.1. - 1310.1. The board of a reciprocal or interinsurance exchange operating...

Section 1311. - 1311. A reciprocal or interinsurance exchange may engage in the...

Section 1312. - 1312. (a) Any reciprocal or interinsurance exchange, domestic or foreign,...

Section 1313. - 1313. Nothing in Chapter 504 of the Statutes of 1965...

Section 1314. - 1314. Any reciprocal or interinsurance exchange, domestic or foreign, which...

Section 1315. - 1315. A reciprocal exchange or interinsurance exchange may borrow money...

ARTICLE 3 - Filing of Documents

Section 1320. - 1320. The attorney of every admitted reciprocal or interinsurance exchange...

Section 1321. - 1321. If the name of the exchange does not contain...

Section 1322. - 1322. The attorney prior to admission shall file with the...

Section 1323. - 1323. Concurrently with the filing of the declaration provided for...

Section 1324. - 1324. Except as provided in Section 1330, the attorney, concurrently...

Section 1325. - 1325. Such bond shall be executed by the attorney with...

Section 1325.5. - 1325.5. Such attorney may deposit with the commissioner, in lieu...

Section 1326. - 1326. The attorney’s bond shall be in the penal sum...

Section 1327. - 1327. The attorney’s bond may be sued upon in one...

Section 1328. - 1328. Any amount recovered on the attorney’s bond shall be...

Section 1329. - 1329. Where provision is made, by the power of attorney...

Section 1330. - 1330. Where the home office of an exchange is located...

ARTICLE 4 - Certificate of Authority

Section 1350. - 1350. The commissioner shall issue a certificate of authority to...

Section 1350.5. - 1350.5. In the event of substitution of attorney or a...

ARTICLE 5 - Finances

Section 1370. - 1370. Every exchange shall maintain its required assets in any...

Section 1370.2. - 1370.2. Except as in this article (commencing with Section 1370)...

Section 1370.4. - 1370.4. An exchange admitted prior to October 1, 1961, shall...

Section 1370.8. - 1370.8. Any exchange exempted at any time from the provisions...

Section 1371. - 1371. If an exchange does either liability or workers’ compensation...

Section 1372. - 1372. Every other exchange shall maintain at all times assets...

Section 1373.1. - 1373.1. No certificate of authority, other than a renewal certificate...

Section 1373.2. - 1373.2. (a) Except as provided in subsection (b) hereof, an...

Section 1374. - 1374. In estimating the financial condition of any exchange the...

Section 1374.1. - 1374.1. (a) “Surplus deposits of subscribers,” as used in this...

Section 1375. - 1375. Where the subscribers are grouped by industries or otherwise...

ARTICLE 6 - Assessment of Insurers

Section 1390. - 1390. The provisions of this article shall apply only to...

Section 1391. - 1391. Whenever an exchange subject to this article, is not...

Section 1392. - 1392. Except as provided by Sections 1397, 1398, 1400 and...

Section 1393. - 1393. Each such subscriber’s share of the deficiency for which...

Section 1394. - 1394. Subscribers liable to assessment under this article shall pay...

Section 1395. - 1395. Assessments under this article shall be made upon the...

Section 1396. - 1396. Notice of all such proposed assessments shall be filed...

Section 1397. - 1397. Assessments under this article, whether levied by the attorney,...

Section 1398. - 1398. The power of attorney of an exchange subject to...

Section 1399. - 1399. Each subscriber to an exchange subject to this article...

Section 1400. - 1400. Each such subscriber maintaining a surplus deposit equal to,...

Section 1401. - 1401. If an exchange has a surplus of admitted assets...

Section 1401.5. - 1401.5. (a) When the commissioner finds after a public hearing...

Section 1402. - 1402. All funds of such exchange and the proceeds of...

ARTICLE 7 - Dividends

Section 1420. - 1420. Savings or credits may be returned to the subscribers...

ARTICLE 8 - Reports and Examination

Section 1430. - 1430. The attorney shall make a report, under oath, to...

Section 1431. - 1431. The assets, business affairs and records of every exchange...

Section 1432. - 1432. The commissioner has: (a) The right of examination of...

Section 1433. - 1433. The commissioner’s right of examination shall include the right...

Section 1434. - 1434. Where the principal office of the attorney is located...

ARTICLE 9 - Suits

Section 1450. - 1450. The exchange may sue or be sued in its...

Section 1451. - 1451. No action shall lie against any subscriber, upon any...

Section 1452. - 1452. Process may be served upon the commissioner as provided...

Section 1453. - 1453. A judgment rendered in any case where service of...

ARTICLE 10 - Policy

Section 1470. - 1470. In any form of policy prescribed by this code,...

ARTICLE 12 - Agents and Brokers

Section 1500. - 1500. The provisions of this code regarding the appointment, licensing,...

ARTICLE 13 - Penalties

Section 1510. - 1510. Any attorney-in-fact or representative of such an attorney who...

Section 1511. - 1511. For the purpose of organization, and upon issuance of...

Section 1512. - 1512. In addition to the foregoing penalties and where not...

ARTICLE 14 - Tax Provisions

Section 1530. - 1530. In lieu of all other taxes, licenses or fees...

Section 1531. - 1531. (a) On and after January 1, 1994, and before...

ARTICLE 15 - Merger

Section 1540. - 1540. Any two or more domestic reciprocal insurers, upon affirmative...

ARTICLE 16 - Merger of Certain Reciprocal Insurers

Section 1550. - 1550. This article shall apply only to domestic reciprocal insurers...

Section 1551. - 1551. By following the procedure specified in this article, any...

Section 1552. - 1552. The plan and agreement by which the transaction is...

Section 1553. - 1553. When the plan and agreement has been approved by...

Section 1554. - 1554. If one of the insurers that is a party...

Section 1555. - 1555. (a) If the vote is in the affirmative, a...

Section 1556. - 1556. (a) If the surviving entity is a domestic incorporated...

Section 1557. - 1557. (a) Any plan of merger, consolidation, or other unification...

Section 1558. - 1558. In the event a domestic reciprocal insurer is merged,...

Section 1559. - 1559. (a) For all purposes for a merger in which...

ARTICLE 17 - Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers

Section 1560. - 1560. This article shall apply only to domestic reciprocal insurers...

Section 1560.01. - 1560.01. By following the procedure specified in this article, any...

Section 1560.02. - 1560.02. The definitions in this section apply to the following...

Section 1560.03. - 1560.03. A plan of conversion adopted by a domestic reciprocal...

Section 1560.05. - 1560.05. (a) The commissioner shall examine the plan submitted pursuant...

Section 1560.06. - 1560.06. The meeting of subscribers prescribed by subdivision (c) of...

Section 1560.07. - 1560.07. Nothing in this article shall be deemed to prohibit...

Section 1560.08. - 1560.08. No director, officer, agent, or employee of the domestic...

Section 1560.09. - 1560.09. At any time before that plan of conversion becomes...

Section 1560.10. - 1560.10. Upon consent by the commissioner to the plan of...

Section 1560.11. - 1560.11. (a) Upon the effective date of a plan of...

Section 1560.12. - 1560.12. (a) Prior to, and for a period of five...

Section 1560.13. - 1560.13. Unless otherwise provided in the plan of conversion, the...

Section 1560.14. - 1560.14. (a) Notwithstanding any other provision of law and except...

Section 1560.15. - 1560.15. The offer or sale of securities issued pursuant to...

Section 1560.16. - 1560.16. The commissioner shall have the authority from time to...

Section 1560.17. - 1560.17. Upon completion of the act of conversion and issuance...

Section 1560.18. - 1560.18. (a) The articles of incorporation of a converted insurer...

Section 1560.19. - 1560.19. If the name of a domestic reciprocal insurer converting...