Statute · California Insurance Code
Cal. Ins. Code § 1055 — Proceedings in Cases of Insolvency and Delinquency
Cal. Ins. Code § 1055
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The commissioner shall exercise the powers and discharge the duties, concerning any insurer so mutualized, that are applicable to domestic insurers issuing policies of the same class. He shall issue a certificate of authority to transact the proper classes of insurance in this State to any…
Citator
Cal. Ins. Code § 1055 — Proceedings in Cases of Insolvency and Delinquency is in force in the current edition of the Code, and nothing recorded condemns it.
The commissioner shall exercise the powers and discharge the duties, concerning any insurer so mutualized, that are applicable to domestic insurers issuing policies of the same class. He shall issue a certificate of authority to transact the proper classes of insurance in this State to any insurer so mutualized which is solvent under Article 13, Chapter 1, Part 2, Division 1 of this code and which has fully complied with the laws of this State.