The offer or sale of securities issued pursuant to the plan of conversion developed and approved in accordance with the provisions of this article, shall be exempt from Article 8 (commencing with Section 820) of Chapter 1.
Cal. Ins. Code § 1560.15
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.