{"code":"INS","codeName":"Insurance Code","section":"4070","citation":"Ins. Code, § 4070","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 1. FIRE AND MARINE INSURANCE [1880. - 10108.1.]","url":"https://blackletter.si/insurance-code/division-2/part-1"},{"name":"CHAPTER 4. General Mutual Insurers [4010. - 4097.20.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-4"},{"name":"ARTICLE 7. Insolvency [4070. - 4070.]","url":"https://blackletter.si/insurance-code/division-2/part-1/chapter-4/article-7"}],"history":"Added by Stats. 1963, Ch. 1772.","effective":null,"html":"<p>Such an insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the same classes of insurance.</p>","text":"Such an insurer is insolvent if its surplus becomes less than the amount of paid-in capital required of a capital stock company to qualify to transact the same classes of insurance.","otherVersions":[],"url":"https://blackletter.si/insurance-code/insolvency-4070","source":"California Legislative Information bulk export (pubinfo)"}