California Insurance Code 1560.19 – If the name of a domestic reciprocal insurer converting to a stock …
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If the name of a domestic reciprocal insurer converting to a stock insurer pursuant to this article includes the word “reciprocal,” the new stock insurer may continue to use the word “reciprocal” in its name if the name includes a word or words that identify the new stock insurer as a stock insurer and the commissioner finds that the continued use of the word “reciprocal” in its name is not likely to mislead or deceive the public.
(Added by Stats. 1998, Ch. 421, Sec. 2. Effective January 1, 1999.)
Terms Used In California Insurance Code 1560.19
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26