California Insurance Code

§ 9099

INS § 9099Div. 2 · Part 1 · Ch. 7

Statute text

The commissioner shall examine such plan and agreement and may require such provisions to be inserted in the agreement and such actions to be taken in connection with the transaction (including but not limited to: (1) the terms of the reinsurance, transfer and assumption, (2) the terms of the notice of the vote thereon by the members of such organization or association, and (3) the manner and form of voting thereon by such members) as he may deem necessary in order that the transaction shall be fair and equitable to the members of such organization or association.

Legislative history

Added by Stats. 1967, Ch. 1262.