§ 11092
77 words·~1 min read·
/ca/insurance-code/11092A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner shall act as prescribed in Section 11093 when upon investigation he finds that a domestic society:
(a)Has exceeded its power;
(b)Has failed to comply with any provision of this chapter;
(c)Is not fulfilling its contracts in good faith;
(d)Has a membership of less than 400 after an existence of one year; or
(e)Is transacting business fraudulently or in a manner hazardous to its members, creditors, the public or the business.