California Statutes
§ 5062. — 5062. (Added by Stats. 1955, Ch. 1250.)
California § 5062.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 1.PART 1. FIRE AND MARINE INSURANCE
Ch. 5.CHAPTER 5. County Mutual Fire Insurers
Art. 1.ARTICLE 1. Formation and Organization
This text of California § 5062. (5062. (Added by Stats. 1955, Ch. 1250.)) 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 § 5062. (2026).
Text
No incorporators or persons acting in their behalf or other persons participating in the management of such insurer shall advance to or for the subscribers or members any premium, special deposit or assessment required to be paid. It is the intent of this chapter that no person shall have a proprietary interest in such insurer, except equally with all other members.
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Legislative History
Added by Stats. 1955, Ch. 1250.
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California § 5062., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/5062..