Cal. INS § 10497
This is the official text of Cal. INS § 10497, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
If the commissioner finds that an applicant for a certificate of exemption meets the applicable requirements of this article and those requirements of this code, made applicable to such an applicant by this article, and that the applicant is not formed, conducted or operated for profit or as a commercial insurance enterprise for the benefit of any group or person rather than the relatively equal benefit of its members, he shall register the applicant and issue to it a certificate of exemption.
Status: in_force · Read it on the official government site
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