California Insurance Code

§ 11440

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

INS § 11440Div. 2 · Part 2 · Ch. 11 · Art. 2

Statute text

View on leginfo.ca.gov

Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section 11441. At least two hundred thousand dollars ($200,000) of that capital shall be paid up before the insurer issues any policies on the reserve plan.

Legislative history

Amended by Stats. 1982, Ch. 454, Sec. 115.