California Insurance Code

§ 11537.1

INS § 11537.1 Effective Aug 19, 1996Div. 2 · Part 2 · Ch. 14 · Art. 1

Statute text

For the conversion of a mutual life insurer, the plan of conversion shall provide for either a mutual holding company in compliance with Section 11537.2 or for consideration in compliance with Section 11537.3. For the conversion of a mutual holding company, the plan of conversion shall provide for consideration in compliance with Section 11537.3.

Legislative history

Added by Stats. 1996, Ch. 406, Sec. 6. Effective August 19, 1996.