On November 4, 2019 the Superior Court of the State of California (the "Court") entered its Order Appointing Insurance Commissioner as Conservator and Restraining Orders (the "Order") thereby appointing the California Insurance Commissioner as Conservator of California Insurance Company (the "Conservator"). The Conservator filed his Application For Order Approving Rehabilitation Plan on October 19, 2020. The Conservator seeks the Court's approval to implement his proposed plan of rehabilitation to address and resolve the pending conservation proceeding and other regulatory matters.
On July 25, 2023, the San Mateo Superior Court rescheduled the hearing on the Conservator's Application for Approval of the Rehabilitation Plan for California Insurance Company to August 23, 2023 at 9:00 a.m. The hearing will be held in Department 22 of the San Mateo Superior Court, located at 800 North Humboldt Street, San Mateo, CA 94401.