California Code, Insurance Code - INS § 4097.06

(a) The commissioner shall examine the plan submitted pursuant to subdivision (b) of Section 4097.02.  If the plan provides for the establishment of a mutual holding company under Section 4097.05, the mutual insurer shall demonstrate that the issuance of stock:

(b) As part of the examination the commissioner shall order a public hearing on the plan after written notice of the hearing to the mutual company, its members, and the public.  Members of the mutual company, their representatives, and the public shall have the right to appear at the public hearing and to submit written comments to the commissioner.  The hearing shall occur before the policyholder vote.  The commissioner may require as a condition of consent that the mutual company make modifications of the proposed plan that the commissioner finds necessary for the protection of policyholders.  The commissioner shall consent to the plan if he or she finds all of the following:

(c) For the conversion of a mutual company, the commissioner may appoint one or more actuarial, financial, or other consultants, including legal counsel, as the commissioner finds necessary to advise the commissioner in making the determination of whether the proposed plan of conversion meets the applicable requirements of this article.  The mutual company is responsible for the reasonable fees and expenses of any actuarial, financial, or other consultants, including legal counsel, appointed, and for the mailing and publication of notices to the mutual company and its members.