Insurance Code § 12640.06

ARTICLE 2. Capital, Surplus and Contingency Reserve Requirements

Current as of September 28, 2026Ins. Code, § 12640.06Official source ↗

Added by Stats. 1961, Ch. 719.

A mortgage guaranty insurer shall not declare any dividends except from undivided profits remaining on hand over and above the aggregate of its paid-in capital, paid-in surplus and contingency reserve.