California Insurance Code

§ 10510

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 10510Div. 2 · Part 2 · Ch. 6 · Art. 1

Statute text

View on leginfo.ca.gov

An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.

Legislative history

Amended by Stats. 1989, Ch. 418, Sec. 3.