California Insurance Code ARTICLE 1 - Authority and Requirements to Mutualize

• Section 11525.
  A solvent domestic incorporated insurer having a paid-in capital represented by outstanding shares of capital stock and issuing, on a reserve basis, nonassessable policies of...
• Section 11526.
  Such plan shall include appropriate proceedings for amending the insurer’s articles of incorporation to give effect to the acquisition, by said insurer, for the benefit...
• Section 11527.
  The commissioner shall examine the plan submitted under subdivision (c) of Section 11526. The commissioner shall not approve the plan unless in the commissioner’s opinion...
• Section 11528.
  The election prescribed by subdivision (d) of Section 11526, shall be called by the board of directors or the president and every policyholder of the...

Last modified: October 22, 2018