SECTIONS 4080-4081 - California Statutes

INSURANCE CODE

SECTION 4080-4081

4080. Such an insurer shall be subject to all the provisions of
this code and all the applicable rules and regulations of the
commissioner. Such code provisions and such rules and regulations,
when applied to such insurers, shall be construed in accordance with
the fundamental nature of a mutual insurer. In the event of any
direct conflicts between such code provisions and the provisions of
this chapter, the latter shall prevail. Such other code provisions
may, however, be used to supplement or explain the provisions of this
chapter.

4081. Any county mutual fire insurer, or two or more such insurers,
may merge into a general mutual insurer described in this chapter by
following the procedure in Article 9.5 (commencing with Section
7040) of Chapter 5, Part 1, Division 2 of this code. Such general
mutual insurer shall become the surviving corporation.
In addition, by following the above-mentioned procedure any two or
more county mutual fire insurers may merge, concurrently with the
transformation of one of them into a general mutual insurer described
herein, as provided in Section 7044. 5.