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California Insurance Code

§ 1045

INS § 1045Div. 1 · Part 2 · Ch. 1 · Art. 14

Statute text

View on leginfo.ca.gov
If at any time after the issuance of an order under section 1011 affecting a life insurer issuing nonassessable policies on a reserve basis and organized with a capital stock evidenced by shares thereof it shall appear to the commissioner that the purposes of section 1011 can be best attained by the mutualization of such life insurer, the commissioner may formulate a plan for the mutualization of such insurer.

Legislative history

Amended by Stats. 1935, Ch. 291.

Source: California Insurance Code § 1045 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.