A director of a mutual insurer shall be a policyholder thereof.
Cal. Ins. Code § 4022
Directors
Applied in 1 court decision — leading case 16 Cal. App. 4th 365 - Barnes v. State Farm Mutual Automobile Insurance (1993)
Most recently applied in 16 Cal. App. 4th 365 - Barnes v. State Farm Mutual Automobile Insurance (June 1993)
Added by Stats. 1963, Ch. 1772.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.