{"data":{"id":"us-ca/ins-12750","jurisdiction":"us-ca","citation":"INS § 12750","heading":"","body":"(a) A home protection company which has issued or renewed an aggregate number of 1,000 or less contracts in the preceding calendar year shall maintain a minimum net worth of forty thousand dollars ($40,000) and for each additional 500 contracts, or fraction thereof, up to 10,000 contracts, an additional twenty thousand dollars ($20,000).\n(b) Net worth is defined as the excess of admitted assets over all liabilities and required reserves. At least twenty thousand dollars ($20,000) of net worth shall consist of paid-in capital.","path":["Insurance Code - INS","DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","PART 7. HOME PROTECTION [12740. - 12764.]","CHAPTER 2. Fiscal Requirements [12750. - 12757.]"],"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":"f05092e507192bc6cb3658d88471bac331c1cc126a8a1e624e10146a1328c640","source_id":"us-ca","stale":false,"prev":"us-ca/ins-12745","next":"us-ca/ins-12751"},"notice":"GroundRules: Original legal text. Not legal advice."}