§ 1107
70 words·~1 min read·
/ca/insurance-code/1107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In accordance with either subdivision
(e)of Section 1001 or Section 1101.1 of the Corporations Code, an insurer may apply for the insurance commissioner’s approval of the terms and conditions of the covered transactions and the fairness of such terms and conditions to deliver consideration other than securities which shall be in such form, contain such information and be accompanied by such documents as the commissioner deems appropriate or requires.