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California Code, Insurance Code - INS § 10490.2

Current as of January 01, 2025 | Updated by Findlaw Staff

If an association described in Section 10490.1 has operated pursuant thereto since January 1, 1945, it may procure a certificate of exemption from the commissioner upon meeting all of the requirements of this article relating thereto except those of Section 10494. Thereafter such association shall be subject to:

(a) All of the requirements of this article relating to an association holding a certificate of exemption except Section 10494, and

(b) The limitations of Section 10490.1, except that it may pay disability benefits in amounts not exceeding three thousand six hundred dollars ($3,600) in the aggregate in any one calendar year on account of the disability of any one person.

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 10490.2 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-10490-2/

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