ARTICLE 3. Management and Exclusive Agency Contracts [4030. - 4034.]

Article 3 added by Stats. 1963, Ch. 1772.

§§ 4030–4034 · 5 sections

• § 4030 A domestic mutual insurer shall not hereafter make any contract whereby any person is granted or is to enjoy in fact the management of the insurer to the…
• § 4031 Any such contract shall provide that any such manager or producer of its business shall within 90 days after expiration of each calendar year furnish the…
• § 4032 The commissioner shall disapprove any such contract if he finds that it: (a) Subjects the insurer to excessive charges; or (b) Is to extend for an unreasonable…
• § 4033 The commissioner may, after a hearing held thereon, withdraw his approval of any such contract theretofore approved by him, if he finds that the bases of his…
• § 4034 The holder of any such contract described in this Article shall be subject to examination by the commissioner pursuant to Article 4 (beginning with Section…