Cal. Ins. Code § 11097

Current through the 2024 Legislative Session.

Section 11097 - Grounds for suspension, revocation or refusal of certificate

The commissioner shall act as prescribed in Section 11098 when upon investigation he finds that a foreign or alien society transacting or applying to transact business in this State:

(a) Has exceeded its powers;

(b) Has failed to comply with any provisions of this chapter;

(c) Is not fulfilling its contracts in good faith; or

(d) Is conducting its business fraudulently or in a manner hazardous to its members or creditors or the public.

Ca. Ins. Code § 11097

Added by Stats. 1951, Ch. 1193.