{"data":{"id":"us-ca/ins-4097","jurisdiction":"us-ca","citation":"INS § 4097","heading":"","body":"(a) A domestic incorporated medical malpractice mutual insurer, issuing nonassessable policies on a reserve basis may be converted into an incorporated stock insurer issuing, on a reserve basis, nonassessable policies either by demutualization or by establishing a mutual holding company. To that end, it may provide and carry out a plan for the conversion by complying with the requirements of this article.\n(b) A mutual holding company may be converted into a stock corporation. To that end, it may provide and carry out a plan for the conversion by complying with the requirements of this article.\n(c) As part of the conversion authorized in this section, a domestic incorporated medical malpractice mutual insurer may merge with an incorporated stock insurer, if the merging insurers comply with the provisions of Article 9 (commencing with Section 4090) applicable to their participation in the merger, or may transfer its domicile to any other state, if the insurer complies with Section 709.5.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]","CHAPTER 4. General Mutual Insurers [4010. - 4097.20.]","ARTICLE 10. Conversion of an Incorporated Medical Malpractice  Mutual Insurer into an Incorporated Stock Insurer [4097. - 4097.20.]"],"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":"89dd85900ee4296c8c5af1645289303e093adb6dce73e83c7317d6f65d347c79","source_id":"us-ca","stale":false,"prev":"us-ca/ins-4096","next":"us-ca/ins-4097.01"},"notice":"GroundRules: Original legal text. Not legal advice."}