{"code":"INS","codeName":"Insurance Code","section":"1055","citation":"Ins. Code, § 1055","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1. GENERAL RULES GOVERNING INSURANCE [100. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1"},{"name":"PART 2. THE BUSINESS OF INSURANCE [680. - 1879.8.]","url":"https://blackletter.si/insurance-code/division-1/part-2"},{"name":"CHAPTER 1. General Regulations [680. - 1113.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-1"},{"name":"ARTICLE 14. Proceedings in Cases of Insolvency and Delinquency [1010. - 1062.]","url":"https://blackletter.si/insurance-code/division-1/part-2/chapter-1/article-14"}],"history":"Added by Stats. 1935, Ch. 291.","effective":null,"html":"<p>The commissioner shall exercise the powers and discharge the duties, concerning any insurer so mutualized, that are applicable to domestic insurers issuing policies of the same class. He shall issue a certificate of authority to transact the proper classes of insurance in this State to any insurer so mutualized which is solvent under Article 13, Chapter 1, Part 2, Division 1 of this code and which has fully complied with the laws of this State.</p>","text":"The commissioner shall exercise the powers and discharge the duties, concerning any insurer so mutualized, that are applicable to domestic insurers issuing policies of the same class. He shall issue a certificate of authority to transact the proper classes of insurance in this State to any insurer so mutualized which is solvent under Article 13, Chapter 1, Part 2, Division 1 of this code and which has fully complied with the laws of this State.","otherVersions":[],"url":"https://blackletter.si/insurance-code/proceedings-in-cases-of-insolvency-and-delinquency-1055","source":"California Legislative Information bulk export (pubinfo)"}