Cal. Insurance Code § 11440

California · California Insurance Code · Status: effective

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Citation: Cal. Insurance Code § 11440, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/880754
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Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section 11441. At least two hundred thousand dollars ($200,000) of that capital shall be paid up before the insurer issues any policies on the reserve plan.