ARTICLE 1. Authority and Requirements to Mutualize

Article 1 added by Stats. 1935, Ch. 530.

§§ 11525–11528 · 4 sections

• § 11525 A solvent domestic incorporated insurer having a paid-in capital represented by outstanding shares of capital stock and issuing, on a reserve basis,…
• § 11526 Such plan shall include appropriate proceedings for amending the insurer’s articles of incorporation to give effect to the acquisition, by said insurer, for…
• § 11527 The commissioner shall examine the plan submitted under subdivision (c) of Section 11526. The commissioner shall not approve the plan unless in the…
• § 11528 The election prescribed by subdivision (d) of Section 11526, shall be called by the board of directors or the president and every policyholder of the class or…