Insurance Code § 7045

ARTICLE 9.6. Transformation

Current as of September 28, 2026Ins. Code, § 7045Official source ↗

Amended by Stats. 2017, Ch. 534, Sec. 57. (AB 1699) Effective January 1, 2018.

The board of directors of any county mutual fire insurer that desires to commence proceedings for transformation of that insurer to a general mutual insurer shall adopt a resolution to that effect and submit to the commissioner a plan for effecting that transformation accompanied by an application for approval thereof and a fee of four hundred ninety-four dollars ($494).