By following the procedure specified in this article, any domestic reciprocal insurer described in Section 1560 may be converted into an incorporated stock insurer. To that end, it may provide and carry out a plan for the conversion by complying with the requirements of this article.
Cal. Ins. Code § 1560.01
Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers
Added by Stats. 1998, Ch. 421, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.