Statute · California Insurance Code
Cal. Ins. Code § 12051 — Capital and Scope of Business
Cal. Ins. Code § 12051
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
During the first three years following its admission, the insurer’s assets in an amount equal to its required paid-in capital shall be in cash or in the value of obligations, purchase of which is approved by the commissioner, of the United States government, any State, or any county in this State.
Citator
Cal. Ins. Code § 12051 — Capital and Scope of Business is in force in the current edition of the Code, and nothing recorded condemns it.
During the first three years following its admission, the insurer’s assets in an amount equal to its required paid-in capital shall be in cash or in the value of obligations, purchase of which is approved by the commissioner, of the United States government, any State, or any county in this State.