California Insurance Code

§ 11443

INS § 11443Div. 2 · Part 2 · Ch. 11 · Art. 2

Statute text

The fund required by Section 11442 shall be used for the payment of matured liabilities arising under the assessment plan when other assets applicable thereto are exhausted. It may be derived from the excess over two hundred thousand dollars ($200,000) of the paid-in capital of the insurer. It need be maintained only during the existence of conditions set forth in Section 11442.

Legislative history

Amended by Stats. 1982, Ch. 454, Sec. 116.