California Insurance Code 1090 – An insurer which is insolvent, retiring from business in this state …
Current as of: 2024 | Check for updates
|
Other versions
An insurer which is insolvent, retiring from business in this state other than by merger or consolidation into an admitted insurer with the commissioner‘s prior written consent, or the required paid-in capital of which is impaired, shall not reinsure its business until its plan to effect such reinsurance is first submitted to the commissioner and approved by him.
(Amended by Stats. 1969, Ch. 1055.)
Terms Used In California Insurance Code 1090
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28