California Insurance Code

§ 7041

INS § 7041Div. 2 · Part 1 · Ch. 5 · Art. 9.5

Statute text

When any such plan and agreement shall have been approved by the commissioner, with changes, if any required by him, the same shall be approved by a vote of not less than two-thirds of the members voting at a meeting of the members of each such insurer involved at which there shall be present in person or by proxy at least 10 percent of the members entitled to vote.

Legislative history

Added by Stats. 1959, Ch. 1963.