{"data":{"id":"us-ca/ins-11122.1","jurisdiction":"us-ca","citation":"INS § 11122.1","heading":"","body":"A society may, if authorized by a resolution of its supreme legislative or governing body, establish and operate one or more separate accounts and issue contracts on a variable basis to persons as specified in Section 11041, subject to compliance with the applicable laws. To the extent a society finds it necessary to comply with federal or state law, or regulations issued under state or federal law, a society may do the following:\n(a) Adopt special procedures for conducting the business of the separate account.\n(b) Provide special voting and other rights for a person with a beneficial interest in the special account, including, but not limited to, rights and procedures relating to investment policy, investment advisory services, selecting certified public accountants, and selecting a committee to manage the account.\n(c) Issue contracts on a variable basis that are exempted from the requirements of Sections 11062, 11064, and 11065.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","CHAPTER 10. Fraternal Benefit Societies [10970. - 11165.]","ARTICLE 7. Financial Matters [11120. - 11146.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"66cc0c51e26a1c578f64b24c5865ff41dce095a846ee3dc802a681e5be505bad","source_id":"us-ca","stale":false,"prev":"us-ca/ins-11122","next":"us-ca/ins-11123"},"notice":"GroundRules: Original legal text. Not legal advice."}