Statute · California Insurance Code
Cal. Ins. Code § 4096 — Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities
Cal. Ins. Code § 4096
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 1996-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In the event a domestic mutual insurer is merged, consolidated, or a part of a reorganization under the procedures specified in this article, and the surviving, consolidated, or continuing company is a nonadmitted insurer, the plan of merger shall provide either for that insurer to be admitted…
Citator
Cal. Ins. Code § 4096 — Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities is in force in the current edition of the Code, and nothing recorded condemns it.
In the event a domestic mutual insurer is merged, consolidated, or a part of a reorganization under the procedures specified in this article, and the surviving, consolidated, or continuing company is a nonadmitted insurer, the plan of merger shall provide either for that insurer to be admitted to transact insurance in California or for any nonsurviving insurer admitted in California to withdraw from the state.