Cal. INS § 688.3
This is the official text of Cal. INS § 688.3, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
At any time the board of directors of a domestic insurer may, by resolution, provide that in the event of such a national emergency and in the event of the death or incapacity of the president, the secretary or the treasurer of the company such officers, or any of them, shall be succeeded in the office by the person named or described in a succession list adopted by the board of directors. Such list may be on the basis of named persons or position titles, shall establish the order of priority and may prescribe the conditions under which the powers of the office shall be exercised.
Status: in_force · Read it on the official government site
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