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California Insurance Code

§ 1055

INS § 1055Div. 1 · Part 2 · Ch. 1 · Art. 14

Statute text

View on leginfo.ca.gov
The commissioner shall exercise the powers and discharge the duties, concerning any insurer so mutualized, that are applicable to domestic insurers issuing policies of the same class. He shall issue a certificate of authority to transact the proper classes of insurance in this State to any insurer so mutualized which is solvent under Article 13, Chapter 1, Part 2, Division 1 of this code and which has fully complied with the laws of this State.

Legislative history

Added by Stats. 1935, Ch. 291.

Source: California Insurance Code § 1055 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.