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 Section 1370.2, 1370.4, and 1370.8.

Source: Section 1372, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=1372.­ (updated Jan. 1, 1961; accessed Dec. 15, 2025).

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Verified:
Dec. 15, 2025

§ 1372's source at ca​.gov