California Statutes
§ 12640.06. — 12640.06. (Added by Stats. 1961, Ch. 719.)
California·Code INS Insurance 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
A mortgage guaranty insurer shall not declare any dividends except from undivided profits remaining on hand over and above the aggregate of its paid-in capital, paid-in surplus and contingency reserve.
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California § 12640.06. (12640.06. (Added by Stats. 1961, Ch. 719.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.)