Section 11537.1 Of Chapter 14. Conversion Of An Incorporated Mutual Life Or Life And Disability Insurer Into An Incorporated Stock Life Insurer Issuing Policies On A Reserve Basis From California Insurance Code >> Division 2. >> Part 2. >> Chapter 14.
11537.1
. For the conversion of a mutual life insurer, the plan of
conversion shall provide for either a mutual holding company in
compliance with Section 11537.2 or for consideration in compliance
with Section 11537.3. For the conversion of a mutual holding company,
the plan of conversion shall provide for consideration in compliance
with Section 11537.3.