There is a newer version of the California Code
2013 California Code
Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE
PART 2. LIFE AND DISABILITY INSURANCE
CHAPTER 10. Fraternal Benefit Societies
ARTICLE 7. Financial Matters
11122
CA Ins Code § 11122 (2013) What's This?
Any society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of the society. The funds may include hospital and help, sanitaria, home, thrift, pension for the society s employees, patriotic, educational and relief funds, in accordance with the society s laws.
(Amended by Stats. 1995, Ch. 166, Sec. 11. Effective January 1, 1996.)
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