BlackletterCalifornia law

Insurance Code § 11537.1

ARTICLE 1. Authority and Requirements to Convert

Current as of September 28, 2026Ins. Code, § 11537.1Official source ↗

Added by Stats. 1996, Ch. 406, Sec. 6. Effective August 19, 1996.

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.