Section 11527 Of Article 1. Authority And Requirements To Mutualize From California Insurance Code >> Division 2. >> Part 2. >> Chapter 13. >> Article 1.

. The commissioner shall examine the plan submitted under subdivision (c) of Section 11526. The commissioner shall not approve the plan unless in the commissioner's opinion the rights and interests of the insurer, its policyholders, and shareholders are protected and the commissioner is satisfied that the plan will be fair and equitable in its operation.