California Statutes
§ 10510. — 10510. (Amended by Stats. 1989, Ch. 418, Sec. 3.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 6. CHAPTER 6. Incorporated Life Insurers Issuing Policies on a Reserve Basis·Art. 1. ARTICLE 1. Capital
An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.
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California § 10510. (10510. (Amended by Stats. 1989, Ch. 418, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1989, Ch. 418, Sec. 3.