Insurance Code section 10440

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.

Source: Section 10440, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=10440.­ (updated Jan. 1, 1957; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 10440’s source at ca​.gov