California Statutes
§ 11441. — 11441. (Enacted by Stats. 1935, Ch. 145.)
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
All assets belonging before transformation to any such insurer or arising or accruing from policies issued upon the assessment plan, shall be used only for the benefit of the holders of such policies. Such assets shall not be used or considered as any part of the paid in capital provided for by section 11440.
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California § 11441. (11441. (Enacted by Stats. 1935, Ch. 145.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1935, Ch. 145.