Cal. Insurance Code § 7049
Cal. Insurance Code § 7049
California · California Insurance Code · Status: effective
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- Citation
- Cal. Insurance Code § 7049, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/879182
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Full text
After the policyholders have elected such a transformation a county mutual insurer shall submit to the insurance commissioner for final approval of the transformation a certified copy of all proceedings together with an application for a new certificate of authority accompanied by the necessary filing fee. The said transformation shall become effective upon the occurrence of the last of the three following events:
(1) the final approval by the insurance commissioner, (2) the issuance of a new certificate of authority, and (3) the filing of certified copies of amended articles of incorporation with the Secretary of State.