California Legal Codes and Statutes

§ 4023

Added by Stats. 1963, Ch. 1772.

As to an insurer operating as an authorized insurer only in the State of California, a majority of the members of the insurer’s board of directors shall be citizens of and shall actually reside in this State.

Cite this section

Cal. Ins. Code § 4023 (2026)
https://ca.codecond.com/codes/ins/division-2-classes-of-insurance/part-1-fire-and-marine-insurance/chapter-4-general-mutual-insurers/article-2-directors/section-4023

Other sections in Article 2 - Directors

§ 4020§ 4021§ 4022§ 4023

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