California Statutes

§ 10510. — 10510. (Amended by Stats. 1989, Ch. 418, Sec. 3.)

California § 10510.
JurisdictionCalifornia
Code INSInsurance 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

This text of California § 10510. (10510. (Amended by Stats. 1989, Ch. 418, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Insurance Code - INS Code § 10510. (2026).

Text

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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Legislative History

Amended by Stats. 1989, Ch. 418, Sec. 3.
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