Insurance Code section 12051

During the first three years following its admission, the insurer’s assets in an amount equal to its required paid-in capital shall be in cash or in the value of obligations, purchase of which is approved by the commissioner, of the United States government, any State, or any county in this State.

Source: Section 12051, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12051. (updated Jan. 1, 1935; accessed Jun. 9, 2025).

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Jun. 9, 2025

§ 12051’s source at ca.gov

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Location: https://california.public.law/codes/insurance_code_section_12051

Original Source: Section 12051, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS§ionNum=12051. (last accessed May 12, 2025).