CHAPTER 2. Fiscal Requirements [12750. - 12757.]

Chapter 2 added by Stats. 1978, Ch. 1203.

§§ 12750–12757 · 7 sections

• § 12750 (a) A home protection company which has issued or renewed an aggregate number of 1,000 or less contracts in the preceding calendar year shall maintain a…
• § 12751 Any home protection company which has issued and in force, prior to January 1, 1979, any contracts for home protection exempt from the provisions of this part…
• § 12752 (a) A home protection company shall file an annual statement exhibiting its conditions and affairs in accordance with Sections 900, 900.5, 900.8, 900.9, 902,…
• § 12753 (a) A home protection company shall maintain a reserve for unearned premiums in an amount not less than 40 percent of the aggregate premiums charged on its…
• § 12755 A home protection company shall be deemed insolvent whenever its net worth is reduced below 50 percent of the amount required by Section 12750.
• § 12756 A home protection company shall invest only in those assets defined in Article 3 (commencing with Section 1170) and Article 4 (commencing with Section 1190) of…
• § 12757 The provisions of Article 14.2 (commencing with Section 1063) of Chapter 1 of Part 2 of Division 1, shall not be applicable to home protection companies.