California Insurance Code

§ 839.1

INS § 839.1Div. 1 · Part 2 · Ch. 1 · Art. 8

Statute text

(a)In any case where a domestic insurer is directly affected by the total transaction for some part of which the permit applied for is needed, and the commissioner in his discretion determines that reasonable grounds exist for contentions that such total transaction or any part thereof:

(1)Is a combination of capital, skill, or acts to create or carry out restrictions on or to prevent competition in the insurance business; or

(2)Is a combination (in the form of a trust or otherwise) in restraint of the insurance business; or

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Legislative history

Added by Stats. 1965, Ch. 1568.