California Insurance Code

§ 11527

INS § 11527Div. 2 · Part 2 · Ch. 13 · Art. 1

Statute text

The commissioner shall examine the plan submitted under subdivision (c) of Section 11526. The commissioner shall not approve the plan unless in the commissioner’s opinion the rights and interests of the insurer, its policyholders, and shareholders are protected and the commissioner is satisfied that the plan will be fair and equitable in its operation.

Legislative history

Amended by Stats. 1983, Ch. 142, Sec. 93.