Section 11543.1 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.
11543.1
. (a) Notwithstanding any other provision of law and except
as otherwise provided in subdivision (b), actions concerning any plan
of conversion, proposed plan of conversion, plan amendment, or
proposed plan amendment under this chapter or any acts taken or
proposed to be taken under this chapter shall be commenced within one
year after the plan of conversion or plan amendment is filed in the
office of the commissioner pursuant to subdivision (d) of Section
11536 or subdivision (a) of Section 11542, or six months from the
effective date of the plan of conversion, whichever is later. If the
plan of conversion is withdrawn, the actions or acts shall be
commenced within six months from the date the board of directors
approves a resolution to withdraw the plan. If an action concerns or
arises out of a plan amendment or proposed plan amendment made under
Section 11546, the applicable time period is measured from the
filing, effective date, or approval of withdrawal of the plan
amendment, whichever is later.
(b) Judicial review of any act of the commissioner or any other
governmental body or officer concerning or arising out of any plan of
conversion, proposed plan of conversion, plan amendment, or proposed
plan amendment under this chapter may only be had by filing a
petition for a writ of mandate within 30 days of the date of the act.
However, any petition seeking judicial review shall be filed no
later than 30 days from the effective date of the plan of conversion
or plan amendment, whichever is the subject of the petition.