GroundRules
INS § 12640.03
Where this section sits in the code
- Insurance Code - INS
- DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]
- PART 6. INSURANCE COVERING LAND [12340. - 12661.]
- CHAPTER 2A. Mortgage Guaranty Insurance [12640.01. - 12640.20.]
- ARTICLE 2. Capital, Surplus and Contingency Reserve Requirements [12640.03. - 12640.06.]
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).
Collected 2026-09-14T05:56:33Z. Source file · JSON