Insurance Code section 1372

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.

Source: Section 1372, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1372. (accessed Apr. 24, 2025).

1370
1370.2
1370.4
1370.8
1371
1372
1373.1
1373.2
1374
1374.1
1375

Last Updated

Apr. 24, 2025

§ 1372’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_1372

Original Source: Section 1372, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=1372. (last accessed Apr. 24, 2025).