Ins. Code, § 10440 · Article 1a. Regulation of Internal Affairs of Mutual Insurers
Ins. Code, § 10440
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In any meeting of members of a domestic mutual insurer writing classes of insurance which include life or disability insurance, the presence in person or by proxy or written vote of 5 percent of the members entitled to vote shall constitute a quorum for the transaction of business unless a higher percentage is required by this code or by the by-laws or articles of incorporation of the insurer.
Notes and commentary — not statutory text
History
Added by Stats. 1957, Ch. 425.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10440.
- Text hash
- sha256 afa188eae4a1dd2319f44f7745b5311e9523952e5f3fc427bb9dbaeb74911a20
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
Provisions in this library whose text cites Ins. Code, § 10440. Each shows the citation as that text prints it.
Insurance Code
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