Insurance Code section 12640.03

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).

Source: Section 12640.03, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12640.03. (updated Jan. 1, 1961; accessed Sep. 14, 2026).

12640.03
12640.04
12640.05
12640.06

Up to date

Verified:
Sep. 14, 2026

§ 12640.03's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_12640.03

Original Source: Section 12640.03, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12640.03. (last accessed May 12, 2025).