California Legal Codes and Statutes

§ 4096

Added by Stats. 1995, Ch. 728, Sec. 8. Effective January 1, 1996.

In the event a domestic mutual insurer is merged, consolidated, or a part of a reorganization under the procedures specified in this article, and the surviving, consolidated, or continuing company is a nonadmitted insurer, the plan of merger shall provide either for that insurer to be admitted to transact insurance in California or for any nonsurviving insurer admitted in California to withdraw from the state.

Cite this section

Cal. Ins. Code § 4096 (2026)
https://ca.codecond.com/codes/ins/division-2-classes-of-insurance/part-1-fire-and-marine-insurance/chapter-4-general-mutual-insurers/article-9-merger-consolidation-reinsurance-or-transfer-of-assets-and-liabilities/section-4096

Other sections in Article 9 - Merger, Consolidation, Reinsurance, or Transfer of Assets and Liabilities

§ 4090§ 4091§ 4092§ 4093§ 4094§ 4095§ 4096

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