California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 2. CLASSES OF INSURANCE |
Part 2. LIFE AND DISABILITY INSURANCE |
Chapter 10. Fraternal Benefit Societies |
ARTICLE 6. Powers of Commissioner |
Section 11094.
Latest version.
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If the court orders the society enjoined, the commissioner shall suspend its certificate of authority. Thereafter such society shall have no authority to do business in this State until:
(a) The commissioner finds that the overt act or violation complained of has been corrected;
(b) The costs of such action, if any, have been paid by the society;
(c) The court has dissolved its injunction; and
(d) The commissioner has reinstated the certificate of authority.
(Repealed and added by Stats. 1951, Ch. 1193.)