Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 1. FIRE AND MARINE INSURANCE [1880 - 10108.1]
( Part 1 enacted by Stats. 1935, Ch. 145. ) CHAPTER 4. General Mutual Insurers [4010 - 4097.20]
( Chapter 4 added by Stats. 1963, Ch. 1772. ) ARTICLE 2. Directors [4020 - 4023]
( Article 2 added by Stats. 1963, Ch. 1772. ) 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 citizens of and shall actually reside in this State.
(Added by Stats. 1963, Ch. 1772.)