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California Code, Insurance Code - INS § 10511

Current as of January 01, 2025 | Updated by Findlaw Staff

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 transacted

Amount of capital
to be added

6.

Disability․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

$250,000

8.

Liability

)

300,000

9.

Workers' compensation

)

․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

for all or any

10.

Common carrier liability

)

of them

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Cite this article: FindLaw.com - California Code, Insurance Code - INS § 10511 - last updated January 01, 2025 | https://codes.findlaw.com/ca/insurance-code/ins-sect-10511/

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