0 chapters · 3,633 sections in this title.
Ins. Code § 11070 Section 11070
0.2K chars
After September 21, 1954, no action at law or in equity shall be had or maintained on any certificate or contract issued by a society unless commenced within two years after the cause of action shall accrue.
Ins. Code § 11071 Section 11071
0.3K chars
The constitution and laws of the society may provide that no subordinate body, nor any of its subordinate officers or members shall have the power or authority to waive any of the provisions of the laws and constitution of the society. Such provision shall be binding on the socie…
Ins. Code § 11072 Section 11072
0.9K chars
A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer having the power to make such reinsurance and authorized to do business in this State, or if not so authorized, one which is approved by the commissioner; but n…
Ins. Code § 11073 Section 11073
0.4K chars
If the contract of a society entered into, amended, or renewed in this state on or after the effective date of this section provides in any manner for coverage for an employee and a covered spouse dependent upon such employee, the contract shall not provide for coverage under con…
Ins. Code § 11090 Section 11090
1.2K chars
Subject to the annual fee provisions as provided herein, every certificate of authority issued to a fraternal benefit society shall be for an indefinite term and shall expire with the expiration or termination of the corporate existence of the holder thereof unless sooner revoked…
Ins. Code § 11091 Section 11091
1.8K chars
No foreign or alien society shall transact business in this State without a certificate of authority issued by the commissioner. Any such society may receive a certificate of authority to transact business in this State upon a showing that its assets are invested in accordance wi…
Ins. Code § 11092 Section 11092
0.5K chars
The commissioner shall act as prescribed in Section 11093 when upon investigation he finds that a domestic society: (a) Has exceeded its power; (b) Has failed to comply with any provision of this chapter; (c) Is not fulfilling its contracts in good faith; (d) Has a membership of …
Ins. Code § 11093 Section 11093
1.1K chars
(a) If the commissioner finds that any of the conditions set forth in Section 11092 exist in respect to a domestic society, he or she shall, in an order to show cause, notify the society of his or her findings and wherein those conditions exist and shall set a date after a reason…
Ins. Code § 11094 Section 11094
0.5K chars
If the court orders the society enjoined, the commissioner shall suspend its certificate of authority. Thereafter such society shall have no authority to do business in this State until: (a) The commissioner finds that the overt act or violation complained of has been corrected; …
Ins. Code § 11095 Section 11095
0.4K chars
If the court orders the society liquidated, it shall be enjoined from carrying on any further business, whereupon the receiver of the society shall proceed at once to take possession of the books, papers, money and other assets of the society and, under the direction of the court…
Ins. Code § 11096 Section 11096
0.3K chars
The provisions of Sections 11093 to 11095 relating to hearing by the commissioner, action by the Attorney General at the request of the commissioner, hearing by the court, injunction and receivership shall be applicable to a society which shall voluntarily determine to discontinu…
Ins. Code § 11097 Section 11097
0.4K chars
The commissioner shall act as prescribed in Section 11098 when upon investigation he finds that a foreign or alien society transacting or applying to transact business in this State: (a) Has exceeded its powers; (b) Has failed to comply with any provisions of this chapter; (c) Is…
Ins. Code § 11098 Section 11098
1.1K chars
If the commissioner finds that any of the conditions set forth in Section 11097 exist in respect to a foreign or alien society, he shall, in an order to show cause, notify the society of his findings wherein such conditions exist and shall set a date after a reasonable period of …
Ins. Code § 11099 Section 11099
0.1K chars
Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 applies to any society, except as otherwise provided in this chapter.
Ins. Code § 11100 Section 11100
0.1K chars
Every society operating under the provisions of this chapter and issuing a policy or certificate of insurance may appoint agents to represent it.
Ins. Code § 11101 Section 11101
0.4K chars
Except as otherwise provided in Sections 11102 and 11103, such agents and such societies are subject to Chapter 5 (commencing with Section 1621) of Part 2 of Division 1 and those agents shall be licensed as life agents. Those agents are also subject to Sections 750, 751, and 760.…
Ins. Code § 11102 Section 11102
1.6K chars
Chapter 5 (commencing with Section 1621) of Part 2 of Division 1 does not apply to any of the following, nor shall any of the following be required to be licensed as life agents: (a) Any officer of a local lodge of a society, while acting as such, if that officer (1) does not eff…
Ins. Code § 11103 Section 11103
2.5K chars
(a) The examination requirements of Article 7 (commencing with Section 1675) of Chapter 5 of Part 2 of Division 1 shall not apply to a license to represent a fraternal benefit society if the individual insurance licensee of a society meets either of the following conditions: (1) …
Ins. Code § 11104 Section 11104
0.7K chars
Every society authorized to do business in this State shall appoint in writing the commissioner and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in such writing tha…
Ins. Code § 11105 Section 11105
0.1K chars
Service may be made as provided in Article 1 (commencing with Section 12919) of Chapter 2 of Division 3.
Ins. Code § 11106 Section 11106
0.2K chars
An application for injunction against, proceedings for the dissolution of, or the appointment of a receiver for, any domestic society or branch thereof shall not be entertained by any court unless made by the Attorney General.
Ins. Code § 11107 Section 11107
0.1K chars
A fraternal benefit society, its members, employees, agents, delegates, directors, and officers by whatever name known are subject to Section 12924.
Ins. Code § 11108 Section 11108
2.0K chars
Any domestic society may be converted into and receive a certificate of authority as a mutual life insurance company by compliance with all of the requirements of the laws of this State pertaining to mutual life insurance companies, provided that the plan for such conversion has …
Ins. Code § 11109 Section 11109
1.3K chars
On such conversion: (a) Except as provided in (b) hereof all funds, assets and liabilities of any nature which theretofore were the funds, assets or liabilities of such society shall become the funds, assets and liabilities of such mutual life insurance company. In determining wh…
Ins. Code § 11110 Section 11110
1.0K chars
In addition to any other ground for disapproving such conversion, the commissioner may refuse to give such approval unless evidence satisfactory to him is submitted that: (a) The reserves on all certificates theretofore issued are sufficient to carry them to maturity either by re…
Ins. Code § 11111 Section 11111
0.9K chars
Any society may comply with subsection (a) of Section 11110 by deducting from its surplus an amount which, when added to the reserves on certificates theretofore issued, shall be sufficient to carry such certificates to maturity and establish and maintain after its conversion int…
Ins. Code § 11112 Section 11112
0.2K chars
All decisions and findings of the commissioner made under the provisions of this chapter shall be subject to review by proper proceedings in any court of competent jurisdiction in this State.
Ins. Code § 11120 Section 11120
0.6K chars
When a society, or a class or section thereof, has assets equal to the reserves and credits on its policies, it may collect periodical or other contributions from the members of the society, class or section which, with interest accretions, will be sufficient to accomplish all th…
Ins. Code § 11121 Section 11121
0.5K chars
Unless it operates under Section 11120, a society, or class or section thereof, shall collect from its members both stated contributions expressly segregated for the mortuary or disability funds and stated contributions expressly segregated for the expense or management funds. Bo…
Ins. Code § 11122 Section 11122
0.3K chars
Any society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of the society. The funds may include hospital and help, sanitaria, home, thrift, pension for the society’s employees, patriotic, educat…
Ins. Code § 11122.1 Section 11122.1
0.9K chars
A society may, if authorized by a resolution of its supreme legislative or governing body, establish and operate one or more separate accounts and issue contracts on a variable basis to persons as specified in Section 11041, subject to compliance with the applicable laws. To the …
Ins. Code § 11123 Section 11123
0.3K chars
Any such society may own real estate and buildings within or without the state of its incorporation, for any purposes for which it may use funds. It may receive gifts and bequests for such purposes and may be named in policies as beneficiary in trust for such purposes.
Ins. Code § 11124 Section 11124
0.3K chars
Unless otherwise provided in the contracts of the members, such funds shall be held, invested, and disbursed for the use and benefit of the society, and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment thereof.
Ins. Code § 11125 Section 11125
0.3K chars
Every domestic society shall invest its funds only in securities permitted by the laws of this State for the investment of the assets of life insurers issuing nonassessable policies on a reserve basis. Such securities shall be valued according to the methods used in valuing simil…
Ins. Code § 11126 Section 11126
0.3K chars
An admitted foreign society shall invest its funds either under the same restrictions as domestic societies or in accordance with the laws of the state in which it is incorporated. Any admitted foreign society may deposit securities in accordance with the laws of any state.
Ins. Code § 11127 Section 11127
0.4K chars
An admitted foreign society organized under the laws of any jurisdiction other than a state of the United States shall at all times maintain with a trustee in the United States, in trust for the benefit and security of all its policyholders and creditors in the United States, ass…
Ins. Code § 11128 Section 11128
0.8K chars
The value of the trusteed assets referred to in Section 11127 shall be equal to the sum of all of the following: (a) All of the indebtedness of that society in the United States having a fixed maturity. (b) The percentage, specified in subdivision (c), of that part of the tabular…
Ins. Code § 11129 Section 11129
0.2K chars
The provisions of Sections 1596 to 1598, inclusive, shall apply to such society specified in Section 11127 and to the matters set forth in Sections 11127 and 11128.
Ins. Code § 11130 Section 11130
0.3K chars
The commissioner may require any society specified in Section 11127 to file with him annually and at such other times as he may determine, and in such form as he may prescribe, a statement showing the extent to which such society’s policyholders and creditors in the United States…
Ins. Code § 11131 Section 11131
1.1K chars
Every society transacting business in this state shall annually, on or before the first day of March, unless for cause shown such time has been extended by the commissioner, file with the commissioner, in such form as he may require, a statement under oath of its president, secre…
Ins. Code § 11132 Section 11132
0.4K chars
A synopsis of its annual statement and valuation report providing an explanation of the facts concerning the condition of the society thereby disclosed shall be printed and mailed to each benefit member of the society not later than June 1st of each year, or, in lieu thereof, suc…
Ins. Code § 11133 Section 11133
1.8K chars
In addition to the annual report required by Section 11131, each society shall annually, on or before the first day of March, file with the commissioner a valuation of its certificates in force on December 31st last preceding: Provided, the commissioner may, in his discretion for…
Ins. Code § 11134 Section 11134
4.1K chars
Except as otherwise provided in Section 10489.6, reserves according to the commissioners’ reserve valuation method, for the life insurance and endowment benefits of certificates providing for a uniform amount of insurance and requiring the payment of uniform rates shall be the ex…
Ins. Code § 11135 Section 11135
0.2K chars
The present value of deferred payments due under incurred claims or matured certificates shall be deemed a liability of the society and shall be computed upon the mortality and interest basis assumed by the society for such valuation.
Ins. Code § 11136 Section 11136
6.9K chars
Except as otherwise provided in Section 10489.4, such valuation shall be certified by a competent actuary or, at the expense of the society, verified by the actuary of the insurance supervisory official of the state of domicile of the society, and the legal minimum standard of va…
Ins. Code § 11137 Section 11137
1.7K chars
Whenever the commissioner finds from any financial statement or valuation report made to him or her by any society authorized to do business in this state or from a filed report on examination of any such society that the admitted assets of the society are less than the sum of it…
Ins. Code § 11138 Section 11138
1.4K chars
The commissioner, or any person he may appoint, shall have the power of visitation and examination into the affairs of any domestic society. He may employ assistants for the purpose of such examination, and he, or any person he may appoint, shall have free access to all the books…
Ins. Code § 11139 Section 11139
1.0K chars
No report of examination shall be adopted by the commissioner or filed by him as an official document except after a notice is given and a hearing held thereon, if demanded, in accordance with the provisions of Section 11141. The commissioner in his determination made upon the ba…
Ins. Code § 11140 Section 11140
0.9K chars
The commissioner, or any person whom he may appoint, may examine any foreign society, transacting or applying for admission to transact business in this State. He may employ assistants and he, or any person he may appoint, shall have free access to all books, papers and documents…
Ins. Code § 11141 Section 11141
0.6K chars
Pending, during or after an examination or investigation of a society, either domestic or foreign, the commissioner shall make public no financial statement, report or finding, nor shall he permit to become public any financial statement, report or finding affecting the status, s…