California Insurance Code

§ 1372

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

INS § 1372Div. 1 · Part 2 · Ch. 3 · Art. 5

Statute text

View on leginfo.ca.gov

Every other exchange shall maintain at all times assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of fifty thousand dollars ($50,000). An exchange subject to the provisions of this section is also subject to the provisions of Sections 1370.2, 1370.4, and 1370.8.

Legislative history

Amended by Stats. 1961, Ch. 454.