Earlier editions: 2020-112018-11
DIVISION 2. CLASSES OF INSURANCE 1880-12880.8›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan 11420-11490›ARTICLE 1. Authorization and Effect 11420-11422
§ 11422
California Insurance Code · 2026 edition · updated 2026-10-04 · California
The transformed insurer is a continuation of the original insurer. Its officers elected before or during the transformation serve through their respective terms as provided in the articles and by-laws under which they were elected. Their successors shall be elected and serve as the law and its articles and by-laws provide after the transformation. Such transformation shall not affect existing suits, rights or contracts.
(Enacted by Stats. 1935, Ch. 145.)
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