California Insurance Code

§ 12640.06

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

INS § 12640.06Div. 2 · Part 6 · Ch. 2A · Art. 2

Statute text

View on leginfo.ca.gov

A mortgage guaranty insurer shall not declare any dividends except from undivided profits remaining on hand over and above the aggregate of its paid-in capital, paid-in surplus and contingency reserve.

Legislative history

Added by Stats. 1961, Ch. 719.