California Insurance Code ARTICLE 1 - General Provisions

• Section 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...
• Section 4011.
  The provisions of Section 36 shall apply to domestic mutual insurers as well as foreign mutual insurers.(Added by Stats. 1963, Ch. 1772.)
• Section 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. 01,...
• Section 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,...
• Section 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...
• Section 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...
• Section 4016.
  Each member of a domestic mutual insurer is entitled to one vote upon each matter coming to a vote at meetings of members.(Added by Stats....
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...

Last modified: October 22, 2018