Cal. Ins. Code § 1012

Current through the 2024 Legislative Session.
Section 1012 - Ground for order no longer exists or removed

Except in the case of an order issued based on a verified application showing the conditions in subdivision (j) of Section 1011 to exist, the order shall continue in force and effect until, on the application either of the commissioner or of that person, it shall, after a full hearing, appear to the court that the ground for the order directing the commissioner to take title and possession does not exist or has been removed and that the person can properly resume title and possession of its property and the conduct of its business.

Ca. Ins. Code § 1012

Amended by Stats 2013 ch 321 (AB 1391),s 9, eff. 1/1/2014.
Amended by Stats 2012 ch 786 (AB 2303),s 11, eff. 1/1/2013.