Section 1090 Of Article 16. Approval Of Reinsurance Plans From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 16.

. An insurer which is insolvent, retiring from business in this state other than by merger or consolidation into an admitted insurer with the commissioner's prior written consent, or the required paid-in capital of which is impaired, shall not reinsure its business until its plan to effect such reinsurance is first submitted to the commissioner and approved by him.