California Insurance Code 1554 – If one of the insurers that is a party to the transaction is a …
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If one of the insurers that is a party to the transaction is a domestic incorporated insurer, § 1109 of the Corporations Code shall apply if the transaction is a merger or consolidation, and § 1113 of the Corporations Code shall also apply if the transaction is a merger.
(Added by Stats. 1995, Ch. 728, Sec. 3. Effective January 1, 1996.)
Terms Used In California Insurance Code 1554
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26