California Insurance Code 1057 – In all proceedings under this article, the commissioner shall be …
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In all proceedings under this article, the commissioner shall be deemed to be a trustee for the benefit of all creditors and other persons interested in the estate of the person against whom the proceedings are pending.
(Added by Stats. 1935, Ch. 291.)
Terms Used In California Insurance Code 1057
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- Trustee: A person or institution holding and administering property in trust.