California Statutes
§ 1371. — 1371. (Amended by Stats. 2018, Ch. 231, Sec. 7.)
California § 1371.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 1.DIVISION 1. GENERAL RULES GOVERNING INSURANCE
Part 2.PART 2. THE BUSINESS OF INSURANCE
Ch. 3.CHAPTER 3. Reciprocal Insurers
Art. 5.ARTICLE 5. Finances
This text of California § 1371. (1371. (Amended by Stats. 2018, Ch. 231, Sec. 7.)) 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 § 1371. (2026).
Text
If an exchange does either liability or workers’ compensation insurance, it shall at all times maintain assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of one hundred thousand dollars ($100,000).
An exchange subject to the provisions of this section is also subject to the provisions of Sections 1370.2, 1370.4, and 1370.8.
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Legislative History
Amended by Stats. 2018, Ch. 231, Sec. 7. (AB 2045) Effective January 1, 2019.
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California § 1371., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/1371..