California Insurance Code
§ 12091
INS § 12091Div. 2 · Part 4 · Ch. 1 · Art. 3
Statute text
View on leginfo.ca.govWhenever a surety insurer fails to maintain such a financial condition that assets allowed under subdivision (a) are equal in value to the aggregate of the charges prescribed under subdivision (b), the commissioner shall act as prescribed in Section 12092.
(a)In estimating its condition the commissioner shall allow as assets only such as are allowed under law in force at the time of the estimate.
(b)The charges to be aggregated shall be:
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Legislative history
Amended by Stats. 1971, Ch. 163.