{"code":"INS","codeName":"Insurance Code","section":"7049","citation":"Ins. Code, § 7049","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 5. County Mutual Fire Insurers [5050. - 7060.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5"},{"name":"ARTICLE 9.6. Transformation [7045. - 7049.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-5/article-9.6"}],"history":"Added by Stats. 1963, Ch. 1772.","effective":null,"html":"<p>After the policyholders have elected such a transformation a county mutual insurer shall submit to the insurance commissioner for final approval of the transformation a certified copy of all proceedings together with an application for a new certificate of authority accompanied by the necessary filing fee. The said transformation shall become effective upon the occurrence of the last of the three following events: (1) the final approval by the insurance commissioner, (2) the issuance of a new certificate of authority, and (3) the filing of certified copies of amended articles of incorporation with the Secretary of State.</p>","text":"After the policyholders have elected such a transformation a county mutual insurer shall submit to the insurance commissioner for final approval of the transformation a certified copy of all proceedings together with an application for a new certificate of authority accompanied by the necessary filing fee. The said transformation shall become effective upon the occurrence of the last of the three following events: (1) the final approval by the insurance commissioner, (2) the issuance of a new certificate of authority, and (3) the filing of certified copies of amended articles of incorporation with the Secretary of State.","otherVersions":[],"url":"https://blackletter.si/insurance-code/transformation-7049","source":"California Legislative Information bulk export (pubinfo)"}