Cal. Ins. Code § 10510

Current through the 2024 Legislative Session.

Section 10510 - Amount of paid-in capital required to transact business

An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.

Ca. Ins. Code § 10510

Amended by Stats. 1989, Ch. 418, Sec. 3.