Cal. Ins. Code § 7045

Current through the 2023 Legislative Session.
Section 7045 - Resolution by directors to commence proceedings for transformation

The board of directors of any county mutual fire insurer that desires to commence proceedings for transformation of that insurer to a general mutual insurer shall adopt a resolution to that effect and submit to the commissioner a plan for effecting that transformation accompanied by an application for approval thereof and a fee of four hundred ninety-four dollars ($494).

Ca. Ins. Code § 7045

Amended by Stats 2017 ch 534 (AB 1699),s 57, eff. 1/1/2018.