California Statutes
§ 12110. — 12110. (Amended by Stats. 2005, Ch. 412, Sec. 4.)
California § 12110.
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. 5.ARTICLE 5. Financial Guaranty Insurance
This text of California § 12110. (12110. (Amended by Stats. 2005, Ch. 412, Sec. 4.)) 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 § 12110. (2026).
Text
An unearned premium reserve shall be established and maintained net of reinsurance and collateral with respect to all financial guaranty premiums. Where financial guaranty insurance premiums are paid on an installment basis, an unearned premium reserve shall be established and maintained, net of reinsurance, computed on a daily or monthly pro rata basis. All other financial guaranty insurance premiums written shall be earned in proportion with the expiration of exposure, or by such other method as may be prescribed or approved by the
commissioner.
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Legislative History
Amended by Stats. 2005, Ch. 412, Sec. 4. Effective January 1, 2006.
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Bluebook (online)
California § 12110., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/12110..