Cal. Insurance Code § 11460

California · California Insurance Code · Status: effective

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Citation: Cal. Insurance Code § 11460, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/880759
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Members of the insurer who are in good standing prior to the transformation may thereafter transfer their insurance, without change of amount and without medical examination, from the assessment plan to the nonassessable reserve basis at the reserve rates. The interest and the assets of the insurer credited to the person so transferring shall become a part of the assets of the insurer on the reserve basis.