Cal. INS § 11440
This is the official text of Cal. INS § 11440, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
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.
Status: in_force · Read it on the official government site
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