{"code":"INS","codeName":"Insurance Code","section":"11440","citation":"Ins. Code, § 11440","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 11. Change by Assessment Plan Insurer to Reserve Plan [11420. - 11490.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-11"},{"name":"ARTICLE 2. Capital Adjustments [11440. - 11443.]","url":"https://blackletter.si/insurance-code/division-2/part-2/chapter-11/article-2"}],"history":"Amended by Stats. 1982, Ch. 454, Sec. 115.","effective":null,"html":"<p>Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section <a href=\"/ins/11441\">11441</a>. At least two hundred thousand dollars ($200,000) of that capital shall be paid up before the insurer issues any policies on the reserve plan.</p>","text":"Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section 11441. At least two hundred thousand dollars ($200,000) of that capital shall be paid up before the insurer issues any policies on the reserve plan.","otherVersions":[],"url":"https://blackletter.si/insurance-code/capital-adjustments-11440","source":"California Legislative Information bulk export (pubinfo)"}