Cal. INS § 11040
This is the official text of Cal. INS § 11040, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
All benefits provided for in the laws and agreements of a society shall be payable only out of its funds in accordance with its laws. The officers and members of the supreme, grand or any subordinate body of a society shall not be individually liable therefor.
Status: in_force · Read it on the official government site
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