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DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan 11420-11490›ARTICLE 3. Transfer of Insurance 11460-11460

§ 11460

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

Members of the insurer who are in good standing prior to the transformation may thereafter transfer their insurance, without change of amount and without medical examination, from the assessment plan to the nonassessable reserve basis at the reserve rates. The interest and the assets of the insurer credited to the person so transferring shall become a part of the assets of the insurer on the reserve basis.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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