§ 10511. — 10511. (Amended by Stats. 1989, Ch. 418, Sec. 4.)

California § 10511.

• Jurisdiction: 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

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

Legislative History

Amended by Stats. 1989, Ch. 418, Sec. 4.