Insurance Code section 11440

Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section 11441. At least two hundred thousand dollars ($200,000) of that capital shall be paid up before the insurer issues any policies on the reserve plan.

Source: Section 11440, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11440. (accessed May 4, 2025).

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Last Updated

Apr. 24, 2025

§ 11440’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_11440

Original Source: Section 11440, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=11440. (last accessed Apr. 24, 2025).