§ 12640.03
33 words·~1 min read·
/ca/insurance-code/12640-03A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer shall not transact the business of mortgage guaranty insurance unless it has paid-in capital of at least one million dollars ($1,000,000) and paid-in surplus of at least one million dollars ($1,000,000).