Home/California/Statutes/Code INS: Insurance Code - INS/Div. 2.: DIVISION 2. CLASSES OF INSURANCE/Part 4.: PART 4. MISCELLANEOUS CASUALTY INSURANCES/Ch. 1.: CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances/Art. 1.: ARTICLE 1. Capital and Scope of Business/§ 12051.
California Statutes

§ 12051. — 12051. (Enacted by Stats. 1935, Ch. 145.)

California § 12051.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 4.PART 4. MISCELLANEOUS CASUALTY INSURANCES
Ch. 1.CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances
Art. 1.ARTICLE 1. Capital and Scope of Business

This text of California § 12051. (12051. (Enacted by Stats. 1935, Ch. 145.)) 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 § 12051. (2026).

Text

During the first three years following its admission, the insurer’s assets in an amount equal to its required paid-in capital shall be in cash or in the value of obligations, purchase of which is approved by the commissioner, of the United States government, any State, or any county in this State.

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Legislative History

Enacted by Stats. 1935, Ch. 145.
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California § 12051., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/12051..