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California Insurance Code

§ 1090

INS § 1090Div. 1 · Part 2 · Ch. 1 · Art. 16

Statute text

View on leginfo.ca.gov
An insurer which is insolvent, retiring from business in this state other than by merger or consolidation into an admitted insurer with the commissioner’s prior written consent, or the required paid-in capital of which is impaired, shall not reinsure its business until its plan to effect such reinsurance is first submitted to the commissioner and approved by him.

Legislative history

Amended by Stats. 1969, Ch. 1055.

Source: California Insurance Code § 1090 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.