Statute · California Insurance Code
Cal. Ins. Code § 690 — Capital Structure
Cal. Ins. Code § 690
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If any paid in capital of an insurer is, or is to be, represented by shares of stock, such insurer shall not be organized in this State or admitted to transact any class of insurance in this State, unless all of such shares, authorized or issued, have a specified par value.
Citator
Cal. Ins. Code § 690 — Capital Structure is in force in the current edition of the Code, and nothing recorded condemns it.
If any paid in capital of an insurer is, or is to be, represented by shares of stock, such insurer shall not be organized in this State or admitted to transact any class of insurance in this State, unless all of such shares, authorized or issued, have a specified par value.