Cal. Insurance Code § 4012
Cal. Insurance Code § 4012
California · California Insurance Code · Status: effective
Cite this
- Citation
- Cal. Insurance Code § 4012, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/879022
- Permanent ID
ys:prov:879022@1- SHA-256
07247a6f65da6f9ed5b6b063a58d316451e67b51e32da83d49ed7fd1a841cc65
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Domestic mutual insurers, incorporating or qualifying to transact any or all of the classes of insurance designated in Sections 100 through 123 and 700. 01, shall be subject to all provisions of this code applicable to other incorporated insurers, except where otherwise provided. Domestic mutual insurers shall not be required to have or issue capital stock or shares nor shall they be required to distribute an annual report to a member other than at the time of the initial policy issuance or once each year on renewal. The provisions of Section 1140 shall apply to such an insurer except that the provisions of the Corporation Law referring to shareholders or members shall be applied as though such provisions referred to the policyholders or members of a mutual.