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California Insurance Code

§ 1054

INS § 1054Div. 1 · Part 2 · Ch. 1 · Art. 14

Statute text

View on leginfo.ca.gov
Such insurer, after mutualization, shall be a continuation of the original insurer, and such mutualization shall not affect existing suits, rights or contracts except as provided in said mutualization plan as approved. Such insurer, after mutualization, shall exercise all the rights and powers and perform all the duties conferred or imposed by law upon insurers writing the classes of insurance written by it, and to protect rights and contracts existing prior to mutualization, subject to the effect of said mutualization plan.

Legislative history

Added by Stats. 1935, Ch. 291.

Source: California Insurance Code § 1054 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.