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California Insurance Code

§ 1374

INS § 1374Div. 1 · Part 2 · Ch. 3 · Art. 5

Statute text

View on leginfo.ca.gov
In estimating the financial condition of any exchange the commissioner shall observe the following rules:
(a)He or she shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis.
(b)Surplus deposits of subscribers shall not be charged as a liability.
…

Legislative history

Amended by Stats. 1984, Ch. 564, Sec. 2.

Source: California Insurance Code § 1374 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.