California Statutes
§ 4063. — 4063. (Added by Stats. 1963, Ch. 1772.)
California § 4063.
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. 6.ARTICLE 6. Nonassessable Policies
This text of California § 4063. (4063. (Added by Stats. 1963, Ch. 1772.)) 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 § 4063. (2026).
Text
The commissioner shall revoke the certificate of a domestic mutual insurer to issue policies without contingent liability if
(a)At any time the insurer’s assets are less than the sum of its liabilities and the surplus required for such certificate, or
(b)The insurer, by resolution of its board of directors approved by a majority of its members, requests that the certificate be revoked.
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Legislative History
Added by Stats. 1963, Ch. 1772.
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California § 4063., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/4063..