§ 10497
82 words·~1 min read·
/ca/insurance-code/10497A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the commissioner finds that an applicant for a certificate of exemption meets the applicable requirements of this article and those requirements of this code, made applicable to such an applicant by this article, and that the applicant is not formed, conducted or operated for profit or as a commercial insurance enterprise for the benefit of any group or person rather than the relatively equal benefit of its members, he shall register the applicant and issue to it a certificate of exemption.