California Statutes

§ 10440. — 10440. (Added by Stats. 1957, Ch. 425.)

California § 10440.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 2.PART 2. LIFE AND DISABILITY INSURANCE
Ch. 5.CHAPTER 5. General Regulation of Life Insurers
Art. 1a.ARTICLE 1a. Regulation of Internal Affairs of Mutual Insurers

This text of California § 10440. (10440. (Added by Stats. 1957, Ch. 425.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Insurance Code - INS Code § 10440. (2026).

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.

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Legislative History

Added by Stats. 1957, Ch. 425.
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California § 10440., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/10440..