§ 1372
51 words·~1 min read·
/ca/insurance-code/1372A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every other exchange shall maintain at all times assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of fifty thousand dollars ($50,000).
An exchange subject to the provisions of this section is also subject to the provisions of Sections 1370.2, 1370.4, and 1370.8.