§ 1554
49 words·~1 min read·
/ca/insurance-code/1554A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If one of the insurers that is a party to the transaction is a domestic incorporated insurer, Section 1109 of the Corporations Code shall apply if the transaction is a merger or consolidation, and Section 1113 of the Corporations Code shall also apply if the transaction is a merger.