Cal. Ins. Code § 12640.03

Current through the 2023 Legislative Session.

Section 12640.03 - Paid-in capital and surplus requirement

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).

Ca. Ins. Code § 12640.03

Added by Stats. 1961, Ch. 719.