DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 14. Conversion of an Incorporated Mutual Life or Life and Disability Insurer into an Incorporated Stock Life Insurer Issuing Policies on a Reserve Basis 11535-11549›ARTICLE 1. Authority and Requirements to Convert 11535-11549
§ 11544
California Insurance Code · 2018-11 edition · updated 2026-10-04 · California
The offer or sale of securities issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this chapter, shall be exempt from Article 8 (commencing with Section 820) of Chapter 1 of Part 2 of Division 1.
(Added by Stats. 1983, Ch. 988, Sec. 1.)
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