Statute · California Insurance Code
Cal. Ins. Code § 1090 — Approval of Reinsurance Plans
Cal. Ins. Code § 1090
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An insurer which is insolvent, retiring from business in this state other than by merger or consolidation into an admitted insurer with the commissioner’s prior written consent, or the required paid-in capital of which is impaired, shall not reinsure its business until its plan to effect such…
Citator
Cal. Ins. Code § 1090 — Approval of Reinsurance Plans is in force in the current edition of the Code, and nothing recorded condemns it.
An insurer which is insolvent, retiring from business in this state other than by merger or consolidation into an admitted insurer with the commissioner’s prior written consent, or the required paid-in capital of which is impaired, shall not reinsure its business until its plan to effect such reinsurance is first submitted to the commissioner and approved by him.