§ 7045
59 words·~1 min read·
/ca/insurance-code/7045A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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).