California Statutes
§ 11443. — 11443. (Amended by Stats. 1982, Ch. 454, Sec. 116.)
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
The fund required by Section 11442 shall be used for the payment of matured liabilities arising under the assessment plan when other assets applicable thereto are exhausted. It may be derived from the excess over two hundred thousand dollars ($200,000) of the paid-in capital of the insurer. It need be maintained only during the existence of conditions set forth in Section 11442.
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California § 11443. (11443. (Amended by Stats. 1982, Ch. 454, Sec. 116.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1982, Ch. 454, Sec. 116.