Tel: (530) 421-8111 | Mail: sales@bainsandwoodward.com


california insurance code
Home >> California Auto Insurance >> California Insurance Code

California Insurance Code 11420-11422

11420. Any domestic insurer providing life insurance upon the assessment plan may transform itself into an incorporated life insurer issuing policies on a reserve basis with such name as its directors or trustees determine. If incorporated, such insurer may make the transformation by amendment of its articles and by-laws, either by a majority vote of its directors or trustees or in any other lawful manner. If unincorporated it may make the transformation by incorporating. 11421. After completing such transformation and procuring from the commissioner a certificate of authority to transact business in this State as an incorporated insurer issuing policies on a reserve basis, it may incur the obligations and enjoy the benefits of such insurer. 11422. The transformed insurer is a continuation of the original insurer. Its officers elected before or during the transformation serve through their respective terms as provided in the articles and by-laws under which they were elected. Their successors shall be elected and serve as the law and its articles and by-laws provide after the transformation. Such transformation shall not affect existing suits, rights or contracts.

insurance code for california

We are here to help regardless of what type of Auto Insurance California you are looking for. See the list below for help with other types of coverage:

 

Also be sure to check out our other California Auto Insurance Products:

 

We are here to help you with all of your insurance needs. Request your quote online or call in and speak with a representative today!