California Insurance Code

§ 11019

INS § 11019 Effective Jan 1, 2018Div. 2 · Part 2 · Ch. 10 · Art. 3

Statute text

A domestic society shall not consolidate or merge with any other society unless it files with the commissioner the papers and evidence specified in this section and pays the sum of three hundred eighty-six dollars ($386) to the commissioner in advance as a filing fee therefor. The papers and evidence herein required to be filed with the commissioner in that instance are:

(a)A certified copy of the written contract containing in full the terms and conditions of the consolidation or merger;

(b)A sworn statement by the president and secretary or corresponding officers of each society showing the financial condition thereof on a date not earlier than December 31, next preceding the date of the contract;

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Legislative history

Amended by Stats. 2017, Ch. 534, Sec. 65. (AB 1699) Effective January 1, 2018.