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California · Through 2026-09-13

INS § 10511

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Where this section sits in the code
  1. Insurance Code - INS
  2. DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
  3. PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]
  4. CHAPTER 6. Incorporated Life Insurers Issuing Policies on a Reserve Basis [10510. - 10541.]
  5. ARTICLE 1. Capital [10510. - 10512.]

If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in excess of the sum of the amounts set forth opposite the classes of insurance transacted:

Number and name of class Amount of capital

class transacted to be added

6. Disability 250,000

8. Liability 9. Workers’ compensation 10. Common carrier liability ⎫ ⎪ ⎬ ⎪ ⎭ 300,000 for all or any of them

Collected 2026-09-14T05:56:33Z. Source file · JSON

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