Insurance Code section 5060

The directors shall elect, from their own number, a president and a vice president. They shall also elect a treasurer and a secretary, who need not be members of the insurer nor natural persons. All of such officers hold their office for one year from the date of their election, and until their successors are elected and qualified.

Source: Section 5060, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=5060.­ (updated Jan. 1, 1935; accessed Nov. 3, 2025).

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Verified:
Nov. 3, 2025

§ 5060's source at ca​.gov