ARTICLE 2. Directors [4020. - 4023.]

Article 2 added by Stats. 1963, Ch. 1772.

§§ 4020–4023 · 4 sections

• § 4020 The affairs of every domestic mutual insurer shall be managed by a board of directors consisting of not less than 5 directors nor more than 15 directors.
• § 4021 Directors shall be elected by the members of a domestic mutual insurer at the annual meeting of members. Directors may be elected for terms of not more than…
• § 4022 A director of a mutual insurer shall be a policyholder thereof.
• § 4023 As to an insurer operating as an authorized insurer only in the State of California, a majority of the members of the insurer’s board of directors shall be…