Cal. INS § 1054
This is the official text of Cal. INS § 1054, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
Such insurer, after mutualization, shall be a continuation of the original insurer, and such mutualization shall not affect existing suits, rights or contracts except as provided in said mutualization plan as approved. Such insurer, after mutualization, shall exercise all the rights and powers and perform all the duties conferred or imposed by law upon insurers writing the classes of insurance written by it, and to protect rights and contracts existing prior to mutualization, subject to the effect of said mutualization plan.
Status: in_force · Read it on the official government site
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