§ 10510
45 words·~1 min read·
/ca/insurance-code/10510A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.