California Insurance Code

§ 12640.03

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

INS § 12640.03Div. 2 · Part 6 · Ch. 2A · Art. 2

Statute text

View on leginfo.ca.gov

An insurer shall not transact the business of mortgage guaranty insurance unless it has paid-in capital of at least one million dollars ($1,000,000) and paid-in surplus of at least one million dollars ($1,000,000).

Legislative history

Added by Stats. 1961, Ch. 719.