Statute · California Insurance Code
Cal. Ins. Code § 10511 — Capital
Cal. Ins. Code § 10511
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in…
Citator
Cal. Ins. Code § 10511 — Capital is in force in the current edition of the Code, and nothing recorded condemns it.
If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in excess of the sum of the amounts set forth opposite the classes of insurance transacted:
|
Number and name of class |
Amount of capital |
|
|
class transacted |
to be added |
|
|
6. Disability |
250,000 |
|
|
8. Liability |
⎫__________ ⎪__________ ⎬ ⎪__________ ⎭__________ |
300,000 |