California Statutes
§ 11064. — 11064. (Amended by Stats. 1995, Ch. 166, Sec. 9.)
California § 11064.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 2.PART 2. LIFE AND DISABILITY INSURANCE
Ch. 10.CHAPTER 10. Fraternal Benefit Societies
Art. 5.ARTICLE 5. Contract
This text of California § 11064. (11064. (Amended by Stats. 1995, Ch. 166, Sec. 9.)) 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 § 11064. (2026).
Text
A society shall provide specifically in its certificates that if its reserves become impaired, its board of directors or corresponding body may require that the owner pay to the society the amount of the owner’s equitable proportion of the deficiency as ascertained by its board, and that if the payment be not made it shall stand as an indebtedness against the certificate and draw interest not to exceed the rate specified for certificate loans under the certificate, or if none is specified, 6 percent per annum compounded annually.
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Legislative History
Amended by Stats. 1995, Ch. 166, Sec. 9. Effective January 1, 1996.
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Bluebook (online)
California § 11064., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/11064..