§ 10440
68 words·~1 min read·
/ca/insurance-code/10440A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In any meeting of members of a domestic mutual insurer writing classes of insurance which include life or disability insurance, the presence in person or by proxy or written vote of 5 percent of the members entitled to vote shall constitute a quorum for the transaction of business unless a higher percentage is required by this code or by the by-laws or articles of incorporation of the insurer.