California Insurance Code

§ 12165

INS § 12165Div. 2 · Part 5 · Ch. 2

Statute text

Subject to the annual fee provisions herein, every certificate of authority issued or held under this part shall be for an indefinite term and, unless sooner revoked by the commissioner, shall terminate upon occurrence of any of the following:

(a)Upon the holder’s ceasing to exist as a separate entity.

(b)Upon the winding up, or dissolution, or expiration, or forfeiture of the holder’s corporate existence.

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Legislative history

Added by Stats. 1969, Ch. 858.