{"code":"INS","codeName":"Insurance Code","section":"10511","citation":"Ins. Code, § 10511","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. 4.","effective":null,"html":"

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

Amount of capital

class transacted

to be added

6. Disability

250,000

8. Liability
9. Workers’
compensation
10. Common carrier
liability

⎫

⎪

⎬

⎪

⎭

300,000
for all or any
of them

","text":"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 Amount of capital class transacted to be added 6. Disability 250,000 8. Liability 9. Workers’ compensation 10. Common carrier liability ⎫ ⎪ ⎬ ⎪ ⎭ 300,000 for all or any of them","otherVersions":[],"url":"https://blackletter.si/insurance-code/capital-10511","source":"California Legislative Information bulk export (pubinfo)"}