Ins. Code, § 11033 · Article 3. Organization
Ins. Code, § 11033
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A society maintaining special funds of the nature set forth in Section 11122 may make payments from such funds to its members compatible with the type thereof; provided that, if such payments are of such a nature that they could constitute benefits within the classes of insurance set forth in Section 11041, the society making such payments may not:
(a) Make any separate charge therefor;
(b) Issue any certificate, policy or other document promising such payments;
(c) Provide in its constitution, by-laws or any other document that such payments may be received by any member of such society as a matter of right; nor
(d) Advertise such payments as insurance or as payments to which the member has any right.
No such special funds shall be an admitted asset of the society in excess of the amount of the liabilities of such special fund. The society shall maintain a separate accounting of any disbursements under this section and report them in its annual statement.
Notes and commentary — not statutory text
History
Added by Stats. 1951, Ch. 1193.
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=11033.
- Text hash
- sha256 22b859c65610aec4e334e1bdbd30227c1ec05c2668da92ce42e89a56fae9ad94
- 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
This section cites
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