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California Insurance Code

§ 1372

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.

Source: California Insurance Code § 1372 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.