California Statutes
§ 11440. — 11440. (Amended by Stats. 1982, Ch. 454, Sec. 115.)
California·Code INS Insurance Code - INS·Div. 2. DIVISION 2. CLASSES OF INSURANCE·Part 2. PART 2. LIFE AND DISABILITY INSURANCE·Ch. 11. CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan·Art. 2. ARTICLE 2. Capital Adjustments
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.
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California § 11440. (11440. (Amended by Stats. 1982, Ch. 454, Sec. 115.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1982, Ch. 454, Sec. 115.