Cal. INS § 11095
This is the official text of Cal. INS § 11095, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
If the court orders the society liquidated, it shall be enjoined from carrying on any further business, whereupon the receiver of the society shall proceed at once to take possession of the books, papers, money and other assets of the society and, under the direction of the court, proceed forthwith to close the affairs of the society and to distribute its funds to those entitled thereto.
Status: in_force · Read it on the official government site
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