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

California § 10493.

• Jurisdiction: 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

Text

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 of two or more municipalities united in a league, federation, or other association for the purpose of promoting intercity competitions or other activities, or the participants in dancing, recreational, sporting, educational, social or theatrical activities sponsored or directed by that system or systems and carried on through the use of any of the facilities of that system or systems.
(3)
Its membership in this state is 1,000 or more and it is either an organization of a purely religious or benevolent character or its membership is limited to the members of that organization.
(4)
It is composed of and its membership is limited
to the members of another organization and that other organization is of a purely religious or benevolent character and has a total membership in this state of not less than 1,000.
(5)
It is a domestic organization, lodge, society, or order that before September 19, 1947, provided life or disability benefits or both of those benefits to its members and is both of the following:
(A)
It is of a charitable, benevolent, or beneficent character or becomes so within one year from September 4, 1951, and in both instances is thereafter of that character.
(B)
It operates in a manner so that the payment of the benefits even though it be one of the express purposes of that organization, lodge, or order, is as a matter of fact incidental to its charitable, benevolent, or beneficent purposes or within one year from September 4,
1951, operates in that manner and in both instances thereafter operates in that manner.
(6)
Officers and employees of a common employer, and related dependents of those officers and employees, comprising spouses and dependent children who are not married or in registered domestic partnerships and are under 19 years of age, and living in the same household.
(d)
Pays a filing fee in the amount of one thousand six hundred ninety-three dollars ($1,693).

Legislative History

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