California Code
PART 1 - FIRE AND MARINE INSURANCE
CHAPTER 4 - General Mutual Insurers

ARTICLE 1 - General Provisions

Section 4010. - 4010. A “mutual” insurer is an insurance corporation without capital...

Section 4011. - 4011. The provisions of Section 36 shall apply to domestic...

Section 4012. - 4012. Domestic mutual insurers, incorporating or qualifying to transact any...

Section 4013. - 4013. (a) Each policyholder of a domestic mutual insurer, other...

Section 4014. - 4014. Any person, government or governmental agency, state or political...

Section 4015. - 4015. With respect to the management, records, and affairs of...

Section 4016. - 4016. Each member of a domestic mutual insurer is entitled...

Section 4016.1. - 4016.1. Notice of all meetings of members whether annual or...

Section 4016.2. - 4016.2. (a) The presence in person or by proxy of...

Section 4017. - 4017. A member shall have the right to vote in...

Section 4018. - 4018. No member’s vote upon any proposal to divest the...

Section 4019. - 4019. This chapter does not apply to a mutual insurer...

ARTICLE 2 - Directors

Section 4020. - 4020. The affairs of every domestic mutual insurer shall be...

Section 4021. - 4021. Directors shall be elected by the members of a...

Section 4022. - 4022. A director of a mutual insurer shall be a...

Section 4023. - 4023. As to an insurer operating as an authorized insurer...

ARTICLE 3 - Management and Exclusive Agency Contracts

Section 4030. - 4030. A domestic mutual insurer shall not hereafter make any...

Section 4031. - 4031. Any such contract shall provide that any such manager...

Section 4032. - 4032. The commissioner shall disapprove any such contract if he...

Section 4033. - 4033. The commissioner may, after a hearing held thereon, withdraw...

Section 4034. - 4034. The holder of any such contract described in this...

ARTICLE 4 - Loans

Section 4040. - 4040. A mutual insurer may borrow money to defray the...

Section 4042. - 4042. The issuance of any document evidencing any such loan...

Section 4044. - 4044. This section shall not apply to loans obtained by...

ARTICLE 5 - Dividends to Policyholders

Section 4050. - 4050. The directors of a domestic mutual insurer may from...

Section 4051. - 4051. A dividend otherwise proper may be payable out of...

Section 4052. - 4052. The payment of any such dividends on a workers’...

ARTICLE 6 - Nonassessable Policies

Section 4060. - 4060. A domestic mutual insurer while maintaining unimpaired surplus funds...

Section 4061. - 4061. The commissioner shall not authorize a domestic insurer to...

Section 4062. - 4062. A foreign or alien mutual insurer may issue nonassessable...

Section 4063. - 4063. The commissioner shall revoke the certificate of a domestic...

Section 4064. - 4064. During the absence of such certificate the insurer shall...

ARTICLE 7 - Insolvency

Section 4070. - 4070. Such an insurer is insolvent if its surplus becomes...

ARTICLE 8 - Applicable Insurance Laws

Section 4080. - 4080. Such an insurer shall be subject to all the...

Section 4081. - 4081. Any county mutual fire insurer, or two or more...

ARTICLE 9 - Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities

Section 4090. - 4090. By following the procedure specified in this article, any...

Section 4091. - 4091. The plan and agreement by which any such transaction...

Section 4092. - 4092. When any such plan and agreement shall have been...

Section 4093. - 4093. If the vote is in the affirmative, a certified...

Section 4094. - 4094. Any plan of merger, consolidation, or other unification under...

Section 4095. - 4095. In the event a mutual insurer is merged, consolidated,...

Section 4096. - 4096. In the event a domestic mutual insurer is merged,...

ARTICLE 10 - Conversion of an Incorporated Medical Malpractice Mutual Insurer into an Incorporated Stock Insurer

Section 4097. - 4097. (a) A domestic incorporated medical malpractice mutual insurer, issuing...

Section 4097.01. - 4097.01. The definitions in this section apply to the following...

Section 4097.02. - 4097.02. The plan of conversion shall include appropriate proceedings for...

Section 4097.03. - 4097.03. For the conversion of a medical malpractice mutual insurer,...

Section 4097.04. - 4097.04. For the demutualization of a mutual insurer into a...

Section 4097.05. - 4097.05. A plan of conversion adopted by a medical malpractice...

Section 4097.06. - 4097.06. (a) The commissioner shall examine the plan submitted pursuant...

Section 4097.07. - 4097.07. The meeting of members prescribed by subdivision (c) of...

Section 4097.08. - 4097.08. Nothing in this article shall be deemed to prohibit...

Section 4097.09. - 4097.09. No director, officer, agent, or employee of the mutual...

Section 4097.10. - 4097.10. At any time before that plan of conversion becomes...

Section 4097.11. - 4097.11. (a) Upon consent by the commissioner to the plan...

Section 4097.12. - 4097.12. (a) Upon the effective date of a plan of...

Section 4097.13. - 4097.13. (a) Prior to, and for a period of five...

Section 4097.14. - 4097.14. Unless otherwise provided in the plan of conversion, the...

Section 4097.15. - 4097.15. (a) Notwithstanding any other provision of law and except...

Section 4097.16. - 4097.16. The offer or sale of securities, including any debt...

Section 4097.17. - 4097.17. The commissioner shall have the authority from time to...

Section 4097.18. - 4097.18. Upon completion of the act of conversion and issuance...

Section 4097.19. - 4097.19. (a) The amended articles of incorporation of a converted...

Section 4097.20. - 4097.20. If the name of a mutual insurer converting to...