Cal. INS § 10511
This is the official text of Cal. INS § 10511, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in excess of the sum of the amounts set forth opposite the classes of insurance transacted:
Number and name of class Amount of capital
class transacted to be added
6. Disability 250,000
8. Liability
9. Workers’
compensation
10. Common carrier
liability ⎫
⎪
⎬
⎪
⎭ 300,000
for all or any
of them
Number and name of class Amount of capital
class transacted to be added
6. Disability 250,000
8. Liability
9. Workers’
compensation
10. Common carrier
liability ⎫
⎪
⎬
⎪
⎭ 300,000
for all or any
of them
Status: in_force · Read it on the official government site
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