§ 4090. — 4090. (Amended by Stats. 1995, Ch. 728, Sec. 4.)

California § 4090.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 1.: PART 1. FIRE AND MARINE INSURANCE
• Ch. 4.: CHAPTER 4. General Mutual Insurers
• Art. 9.: ARTICLE 9. Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities

Text

By following the procedure specified in this article, any domestic mutual insurer described in this article may merge, consolidate, or otherwise unite with or become a part of, or may reinsure all of its policies with and, upon assumption of all of its liabilities, may transfer all of its assets to, another insurer, domestic or foreign. Chapter 13 (commencing with Section 1300) of Division 1 of Title 1 of the Corporations Code and Article 1 (commencing with Section 11535) of Chapter 14 of Part 2 of Division 2 do not apply to any such transaction.

Legislative History

Amended by Stats. 1995, Ch. 728, Sec. 4. Effective January 1, 1996.