SECTIONS 10440-10442 - California Statutes

INSURANCE CODE

SECTION 10440-10442

10440. In any meeting of members of a domestic mutual insurer
writing classes of insurance which include life or disability
insurance, the presence in person or by proxy or written vote of 5
percent of the members entitled to vote shall constitute a quorum for
the transaction of business unless a higher percentage is required
by this code or by the by-laws or articles of incorporation of the
insurer.

10441. The provisions of Section 10440 shall not apply to any of
the transactions, meetings, or votes described in Sections 1001,
1103, and 1900 of the Corporations Code.

10442. Except as otherwise provided in this article or in the other
provisions of this code, the internal affairs of every domestic
mutual insurer writing classes of insurance which include life or
disability insurance shall be governed by Division 1 of Title 1 of
the Corporations Code.
For the purpose of applying the provisions of Division 1 of Title
1 of the Corporations Code, the provisions thereof referring to
shareholders or members shall be applied as though such provisions
referred to the policyholders or members of a mutual insurer.