California Law (Last Updated: March 4, 2014) |
Insurance Code - INS |
Division 1. GENERAL RULES GOVERNING INSURANCE |
Part 2. THE BUSINESS OF INSURANCE |
Chapter 3. Reciprocal Insurers |
ARTICLE 17. Conversion of Certain Reciprocal Insurers to Incorporated Stock Insurers |
Section 1560.15.
Latest version.
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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.
(Added by Stats. 1998, Ch. 421, Sec. 2. Effective January 1, 1999.)