§ 11440
48 words·~1 min read·
/ca/insurance-code/11440A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.