{"data":{"id":"us-ca/ins-12640.03","jurisdiction":"us-ca","citation":"INS § 12640.03","heading":"","body":"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).","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"2141b6842da630e701536a1a35dd608ebcd7009f3c81895229786782d4f5c283","source_id":"us-ca","stale":false,"prev":"us-ca/ins-12640.02","next":"us-ca/ins-12640.04"},"notice":"GroundRules: Original legal text. Not legal advice."}