Insurance Code section 1371

If an exchange does either liability or workers’ compensation insurance, it shall at all times maintain assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of one hundred thousand dollars ($100,000).
An exchange subject to the provisions of this section is also subject to the provisions of Section 1370.2, 1370.4, and 1370.8.

Source: Section 1371, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=1371.­ (updated Jan. 1, 2019; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 1371’s source at ca​.gov