{"code":"INS","codeName":"Insurance Code","section":"4097.16","citation":"Ins. Code, § 4097.16","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 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]","url":"https://blackletter.si/insurance-code/division-2/part-1"},{"name":"CHAPTER 4. General Mutual Insurers [4010. - 4097.20.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-4"},{"name":"ARTICLE 10. Conversion of an Incorporated Medical Malpractice Mutual Insurer into an Incorporated Stock Insurer [4097. - 4097.20.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-4/article-10"}],"history":"Added by Stats. 1998, Ch. 421, Sec. 4.   Effective January 1, 1999.","effective":"1999-01-01","html":"<p>The offer or sale of securities, including any debt securities, issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this article, shall be exempt from Article 8 (commencing with Section <a href=\"/ins/820\">820</a>) of Chapter 1 of Part 2 of Division 1.</p>","text":"The offer or sale of securities, including any debt securities, issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this article, shall be exempt from Article 8 (commencing with Section 820) of Chapter 1 of Part 2 of Division 1.","otherVersions":[],"url":"https://blackletter.si/insurance-code/conversion-of-an-incorporated-medical-malpractice-mutual-4097-16","source":"California Legislative Information bulk export (pubinfo)"}