BlackletterCalifornia law

Insurance Code § 1560.13

ARTICLE 17. Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers

Current as of September 28, 2026Ins. Code, § 1560.13Official source ↗Ask about this

Added by Stats. 1998, Ch. 421, Sec. 2. Effective January 1, 1999.

Unless otherwise provided in the plan of conversion, the governing body and officers of the domestic reciprocal insurer shall serve as directors and officers of the converted insurer until new directors and officers have been duly elected and qualified pursuant to the articles of incorporation and bylaws of the stock company.