Insurance Code section 10510

An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.

Source: Section 10510, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10510. (updated Jan. 1, 1989; accessed Aug. 11, 2025).

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§ 10510's source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_10510

Original Source: Section 10510, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=10510. (last accessed May 12, 2025).