Statute · California Insurance Code
Cal. Ins. Code § 1371 — Finances
Cal. Ins. Code § 1371
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2019-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If an exchange does either liability or workers’ compensation insurance, it shall at all times maintain assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of one hundred thousand dollars ($100,000).
Citator
Cal. Ins. Code § 1371 — Finances is in force in the current edition of the Code, and nothing recorded condemns it.
If an exchange does either liability or workers’ compensation insurance, it shall at all times maintain assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of one hundred thousand dollars ($100,000).
An exchange subject to the provisions of this section is also subject to the provisions of Sections 1370.2, 1370.4, and 1370.8.