California Insurance Code

§ 1012

INS § 1012 Effective Jan 1, 2014Div. 1 · Part 2 · Ch. 1 · Art. 14

Statute text

Except in the case of an order issued based on a verified application showing the conditions in subdivision (j) of Section 1011 to exist, the order shall continue in force and effect until, on the application either of the commissioner or of that person, it shall, after a full hearing, appear to the court that the ground for the order directing the commissioner to take title and possession does not exist or has been removed and that the person can properly resume title and possession of its property and the conduct of its business.

Legislative history

Amended by Stats. 2013, Ch. 321, Sec. 9. (AB 1391) Effective January 1, 2014.