California Insurance Code

§ 10440

INS § 10440Div. 2 · Part 2 · Ch. 5 · Art. 1a

Statute text

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.

Legislative history

Added by Stats. 1957, Ch. 425.