California § 11532 - Such insurer, after mutualization, shall be a continuation of the original insure
Full text of California Public Contract Code - PCC § 11532 — Such insurer, after mutualization, shall be a continuation of the original insure, with citation guidance and answers to common questions.
§ 11532. Such insurer, after mutualization, shall be a continuation of the original insure
Such insurer, after mutualization, shall be a continuation of the original insurer, and such mutualization shall not affect such insurerâs certificate of authority nor existing suits, rights or contracts except as provided in said plan for the acquisition of the outstanding shares of the capital stock of such insurer, approved as provided in this chapter. Such insurer, after mutualization, shall exercise all the rights and powers and perform all the duties conferred or imposed by law upon insurers writing the classes of insurance written by it, and to protect rights and contracts existing prior to mutualization, subject to the effect of said plan. The board of directors of such insurer, prior to mutualization, may adopt amendments to its bylaws to take effect upon mutualization.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11532
What does Public Contract Code - PCC § 11532 cover?
Section 11532 ("Such insurer, after mutualization, shall be a continuation of the original insure") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 11532?
A common citation format is "Public Contract Code - PCC § 11532" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 11532 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.