{"code":"INS","codeName":"Insurance Code","section":"11537.1","citation":"Ins. Code, § 11537.1","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2"},{"name":"CHAPTER 14. Conversion of an Incorporated Mutual Life or Life and Disability Insurer into an Incorporated Stock Life Insurer Issuing Policies on a Reserve Basis [11535. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-14"},{"name":"ARTICLE 1. Authority and Requirements to Convert [11535. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-14/article-1"}],"history":"Added by Stats. 1996, Ch. 406, Sec. 6.   Effective August 19, 1996.","effective":"1996-08-19","html":"<p>For the conversion of a mutual life insurer, the plan of conversion shall provide for either a mutual holding company in compliance with Section <a href=\"/ins/11537.2\">11537.2</a> or for consideration in compliance with Section <a href=\"/ins/11537.3\">11537.3</a>. For the conversion of a mutual holding company, the plan of conversion shall provide for consideration in compliance with Section <a href=\"/ins/11537.3\">11537.3</a>.</p>","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.","otherVersions":[],"url":"https://blackletter.si/insurance-code/authority-and-requirements-to-convert-11537-1","source":"California Legislative Information bulk export (pubinfo)"}