California Statutes
§ 10490.2. — 10490.2. (Added by Stats. 1953, Ch. 1356.)
California·Code INS Insurance 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. 4. ARTICLE 4. Qualifications and Exemptions
If an association described in Section 10490.1 has operated pursuant thereto since January 1, 1945, it may procure a certificate of exemption from the commissioner upon meeting all of the requirements of this article relating thereto except those of Section 10494. Thereafter such association shall be subject to:
(a)All of the requirements of this article relating to an association holding a certificate of exemption except Section 10494, and
(b)The limitations of Section 10490.1, except that it may pay disability benefits in amounts not
exceeding three thousand six hundred dollars ($3,600) in the aggregate in any one calendar year on account of the disability of any one person.
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California § 10490.2. (10490.2. (Added by Stats. 1953, Ch. 1356.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1953, Ch. 1356.