Section 1112 Of Article 18. Multiple Insurer Operations From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 18.
1112
. Within 10 days after the withdrawal of an insurer from the
plan or from the time additional insurers participate in the plan,
notice of the change shall be given the commissioner in writing, and
unless such notice is so given, the permit theretofore issued by the
commissioner shall expire on the tenth day after such change. Unless
the permit expires as provided in the preceding sentence, it shall
remain in force continuously unless the commissioner after hearing
finds that the insurers have deviated materially from the plan, and
that it is against public interest to continue its operation.