California Statutes

§ 10493. — 10493. (Amended by Stats. 2018, Ch. 92, Sec. 157.)

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

An incorporated or unincorporated benefit and relief association organized before January 15, 1951, may procure a certificate of exemption from the commissioner if it complies with all of the following:

(a)All of the other requirements of this article.
(b)As respects life or disability or life and disability insurance transacted by it, it is of an entirely nonprofit nature.
(c)Any one of the following requirements as to membership and purpose:
(1)It is composed of and its membership limited to the appointive officers, employees, and pupils of a public school district or of the appointive officers, employees, and pupils of any private school.
(2)It is composed of and its membership limited to the appointive officers and employees of a municipal playground system, or the systems o

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California § 10493. (10493. (Amended by Stats. 2018, Ch. 92, Sec. 157.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2018, Ch. 92, Sec. 157. (SB 1289) Effective January 1, 2019.
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