{"code":"INS","codeName":"Insurance Code","section":"10510","citation":"Ins. Code, § 10510","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. CLASSES OF INSURANCE [1880. - 12880.8.]","url":"https://blackletter.si/insurance-code/division-2"},{"name":"PART 2. LIFE AND DISABILITY INSURANCE [10110. - 11549.]","url":"https://blackletter.si/insurance-code/division-2/part-2"},{"name":"CHAPTER 6. Incorporated Life Insurers Issuing Policies on a Reserve Basis [10510. - 10541.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-6"},{"name":"ARTICLE 1. Capital [10510. - 10512.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-6/article-1"}],"history":"Amended by Stats. 1989, Ch. 418, Sec. 3.","effective":null,"html":"<p>An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section <a href=\"/ins/700.02\">700.02</a> and Section <a href=\"/ins/700.05\">700.05</a>.</p>","text":"An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.","otherVersions":[],"url":"https://blackletter.si/insurance-code/capital-10510","source":"California Legislative Information bulk export (pubinfo)"}