California Statutes
§ 1371. — 1371. (Amended by Stats. 2018, Ch. 231, Sec. 7.)
California·Code INS Insurance 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
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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California § 1371. (1371. (Amended by Stats. 2018, Ch. 231, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2018, Ch. 231, Sec. 7. (AB 2045) Effective January 1, 2019.