California Statutes
§ 12640.03. — 12640.03. (Added by Stats. 1961, Ch. 719.)
California § 12640.03.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 6.PART 6. INSURANCE COVERING LAND
Ch. 2A.CHAPTER 2A. Mortgage Guaranty Insurance
Art. 2.ARTICLE 2. Capital, Surplus and Contingency Reserve Requirements
This text of California § 12640.03. (12640.03. (Added by Stats. 1961, Ch. 719.)) 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 § 12640.03. (2026).
Text
An insurer shall not transact the business of mortgage guaranty insurance unless it has paid-in capital of at least one million dollars ($1,000,000) and paid-in surplus of at least one million dollars ($1,000,000).
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Legislative History
Added by Stats. 1961, Ch. 719.
Nearby Sections
15
§ 12640.01.
12640.01. (Added by Stats. 1961, Ch. 719.)§ 12640.03.
12640.03. (Added by Stats. 1961, Ch. 719.)§ 12640.06.
12640.06. (Added by Stats. 1961, Ch. 719.)§ 12640.08.
12640.08. (Added by Stats. 1961, Ch. 719.)§ 12640.09.
12640.09. (Amended (as amended by Stats. 2012, Ch. 105, Sec. 1) by Stats. 2016, Ch. 62, Sec. 1.)§ 12640.12.
12640.12. (Added by Stats. 1961, Ch. 719.)Cite This Page — Counsel Stack
Bluebook (online)
California § 12640.03., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/12640.03..