Section 881.5 Of Article 9. Registration Of Insurers’ Names From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 9.
881.5
. If through inadvertance or otherwise a corporation does not
comply with Section 881 of the Insurance Code, or with Sections
201.5, 202, 2105, 2106, 2106.5, and 2107 of the Corporations Code
when any of such sections is applicable, any corporation lawfully
engaged in the insurance business in this state may bring an action
for judicial relief against such corporation by means of any remedy
afforded by law. Such action may be based upon any of the grounds by
reason of which the commissioner could or would have denied
application for approval of the corporate name of the noncomplying
corporation. In such an action the court may order such corporate
defendant to adopt a new name or an operating name, when permissible,
acceptable to both the Secretary of State and the commissioner, by
filing a certificate of amendment or by filing an amended statement
and designation with the Secretary of State.