Article 16 - MERGER OF CERTAIN RECIPROCAL INSURERS
- Section 1550 - Applicability to medical malpractice insurers
- Section 1551 - Authority to merge consolidate or unite; nonadmitted insurer surviving entity in transaction
- Section 1552 - Plan and agreement by which transaction effected
- Section 1553 - Approval of plan and agreement by each domestic insurer party to agreement
- Section 1554 - Applicability of sections 1109 and 1113, Corporation Code
- Section 1555 - Filings if vote in affirmative; certificate approving plan and agreement; fee for considering transaction and issuing certificate
- Section 1556 - Filing copy of agreement and attachments in office of Secretary of State
- Section 1557 - Rights and properties of parties to plan; rights of creditors and liens; pending actions against disappearing insurer
- Section 1558 - Conversion or exchange of equity interests of subscribers if surviving company stock incorporated insurer
- Section 1559 - Conclusive evidence of merger