{"data":{"id":"us-ca/ins-11420","jurisdiction":"us-ca","citation":"INS § 11420","heading":"","body":"Any domestic insurer providing life insurance upon the assessment plan may transform itself into an incorporated life insurer issuing policies on a reserve basis with such name as its directors or trustees determine. If incorporated, such insurer may make the transformation by amendment of its articles and by-laws, either by a majority vote of its directors or trustees or in any other lawful manner. If unincorporated it may make the transformation by incorporating.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan [11420. - 11490.]","ARTICLE 1. Authorization and Effect [11420. - 11422.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"0ebadde5c296b15ae3a1e1ad85c10d37ec67a82c2ad129bcff195b14ae81e4cf","source_id":"us-ca","stale":false,"prev":"us-ca/ins-11407","next":"us-ca/ins-11421"},"notice":"GroundRules: Original legal text. Not legal advice."}