DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 1. FIRE AND MARINE INSURANCE 1880-10108.1›CHAPTER 4. General Mutual Insurers 4010-4097.20›ARTICLE 9. Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities 4090-4096
§ 4096
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
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.
(Added by Stats. 1995, Ch. 728, Sec. 8. Effective January 1, 1996.)
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