Statute · California Insurance Code
Cal. Ins. Code § 4070 — Insolvency
Cal. Ins. Code § 4070
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Such an insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the same classes of insurance.
Citator
Cal. Ins. Code § 4070 — Insolvency is in force in the current edition of the Code, and nothing recorded condemns it.
Such an insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the same classes of insurance.