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Current as of January 01, 2025 | Updated by Findlaw Staff
After the policyholders have elected such a transformation a county mutual insurer shall submit to the insurance commissioner for final approval of the transformation a certified copy of all proceedings together with an application for a new certificate of authority accompanied by the necessary filing fee. The said transformation shall become effective upon the occurrence of the last of the three following events: (1) the final approval by the insurance commissioner, (2) the issuance of a new certificate of authority, and (3) the filing of certified copies of amended articles of incorporation with the Secretary of State.
Cite this article: FindLaw.com - California Code, Insurance Code - INS § 7049 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-7049/
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