{"code":"INS","codeName":"Insurance Code","section":"5062","citation":"Ins. Code, § 5062","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]","url":"https://blackletter.si/insurance-code/division-2/part-1"},{"name":"CHAPTER 5. County Mutual Fire Insurers [5050. - 7060.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5"},{"name":"ARTICLE 1. Formation and Organization [5050. - 5063.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5/article-1"}],"history":"Added by Stats. 1955, Ch. 1250.","effective":null,"html":"<p>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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/formation-and-organization-5062","source":"California Legislative Information bulk export (pubinfo)"}