Insurance Code § 4097.16

ARTICLE 10. Conversion of an Incorporated Medical Malpractice Mutual Insurer into an Incorporated Stock Insurer

Current as of September 28, 2026Ins. Code, § 4097.16Official source ↗

Added by Stats. 1998, Ch. 421, Sec. 4. Effective January 1, 1999.

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.