Statute · California Insurance Code
Cal. Ins. Code § 1054 — Proceedings in Cases of Insolvency and Delinquency
Cal. Ins. Code § 1054
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Such insurer, after mutualization, shall be a continuation of the original insurer, and such mutualization shall not affect existing suits, rights or contracts except as provided in said mutualization plan as approved. Such insurer, after mutualization, shall exercise all the rights and powers…
Citator
Cal. Ins. Code § 1054 — Proceedings in Cases of Insolvency and Delinquency is in force in the current edition of the Code, and nothing recorded condemns it.
Such insurer, after mutualization, shall be a continuation of the original insurer, and such mutualization shall not affect existing suits, rights or contracts except as provided in said mutualization plan as approved. Such insurer, after mutualization, shall exercise all the rights and powers and perform all the duties conferred or imposed by law upon insurers writing the classes of insurance written by it, and to protect rights and contracts existing prior to mutualization, subject to the effect of said mutualization plan.