Section 6625. Merger; consolidation

(a)  Two  or  more  advance premium
  corporations may, in accordance with applicable  provisions  of  article
  seventy-one of this chapter, merge or consolidate.
    (b) Two or more assessment corporations licensed to do business either
  wholly  or  substantially  in a common territory may, in accordance with
  applicable provisions of article seventy-one of this chapter,  merge  or
  consolidate.
    (c)  (1)  If,  after investigation and examination, the superintendent
  finds that the proceedings for merger or consolidation, as the case  may
  be,  have  been  regularly  taken  in  conformity  with law and that the
  continuing or resulting  corporation  meets  the  requirements  of  this
  chapter, he may issue a license to such corporation to do business under
  this chapter.
    (2)  Every such continuing or new corporation shall assume and succeed
  to all the obligations and liabilities of the merging  corporations  and
  shall  be  liable to pay and discharge all such debts and liabilities in
  the same manner as if they had been incurred or contracted by it.