§ 1560.13. — 1560.13. (Added by Stats. 1998, Ch. 421, Sec. 2.)

California § 1560.13.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 1.: DIVISION 1. GENERAL RULES GOVERNING INSURANCE
• Part 2.: PART 2. THE BUSINESS OF INSURANCE
• Ch. 3.: CHAPTER 3. Reciprocal Insurers
• Art. 17.: ARTICLE 17. Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers

Text

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.

Legislative History

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