LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeCorporations CodeCh. 21§ 2103 Foreign Insurance Contracts Preserved

§ 2103 Foreign Insurance Contracts Preserved

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2103 Foreign Insurance Contracts Preserved

This law says that the rules in Sections 1600 to 1605 of the Insurance Code still apply, and foreign insurance companies can still follow contracts they made before stopping business in the state or with people who moved to the state.

Key Takeaways

  • •Old insurance rules (Sections 1600-1605) are still in effect.
  • •Foreign insurance companies can keep following contracts they made before stopping business in the state.
  • •Contracts with people who moved to the state from another state are still valid.

Example

An insurance company from another country sold a policy to someone in a different state, and that person later moves to this state.

The insurance company can still follow the rules of the old policy, even though the person now lives here.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 2103 Foreign Insurance Contracts Preserved

Nothing in this chapter repeals, alters or amends the provisions of Sections 1600 to 1605, inclusive, of the Insurance Code or prevents any foreign insurance company from carrying out contracts made before the surrender of its right to engage in intrastate business or contracts made with citizens of other states who subsequently become citizens of or residents in this state. (Amended by Stats. 2022, Ch. 617, Sec. 33. (SB 1202) Effective January 1, 2023.)

Last verified: January 10, 2026

Key Terms

Sections 1600 to 1605Insurance Codeforeign insurance companyintrastate business

Related Statutes

  • § 2100 Foreign Corporation Intrastate Rules
  • § 2104 Foreign Lender Service Process
  • § 2106.5 Insurer Name Approval Requirement
  • § 2113 Foreign Corporation Merger Surrender
  • § 2116 Foreign Director Liability Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 2103.
View Official Source