California § 4030. 4030. (Amended by Stats. 2017, Ch. 534, Sec. 51.)

California Statutes

§ 4030. — 4030. (Amended by Stats. 2017, Ch. 534, Sec. 51.)

California § 4030.

JurisdictionCalifornia

Code INSInsurance Code - INS

Div. 2.DIVISION 2. CLASSES OF INSURANCE

Part 1.PART 1. FIRE AND MARINE INSURANCE

Ch. 4.CHAPTER 4. General Mutual Insurers

Art. 3.ARTICLE 3. Management and Exclusive Agency Contracts

This text of California § 4030. (4030. (Amended by Stats. 2017, Ch. 534, Sec. 51.)) 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 § 4030. (2026).

Text

A domestic mutual insurer shall not hereafter make any contract whereby any person is granted or is to enjoy in fact the management of the insurer to the substantial exclusion of its board of directors or to have the controlling or preemptive right to produce substantially all insurance business for the insurer, unless the contract is filed with and approved by the commissioner. That contract shall not be effective unless and until approved by the insurance commissioner. That approval shall be obtained by filing application for approval with the commissioner accompanied by a one-hundred-fifty-dollar ($150) fee. Any disapproval shall be delivered to the insurer in writing, stating the grounds therefor.

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A domestic mutual insurer shall not hereafter make any contract whereby any person is granted or is to enjoy in fact the management of the insurer to the substantial exclusion of its board of directors or to have the controlling or preemptive right to produce substantially all insurance business for the insurer, unless the contract is filed with and approved by the commissioner. That contract shall not be effective unless and until approved by the insurance commissioner. That approval shall be obtained by filing application for approval with the commissioner accompanied by a one-hundred-fifty-dollar ($150) fee. Any disapproval shall be delivered to the insurer in writing, stating the grounds therefor.

Legislative History

Amended by Stats. 2017, Ch. 534, Sec. 51. (AB 1699) Effective January 1, 2018.

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California § 4030., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/4030..