ARTICLE 1. Capital and Scope of Business [12050. - 12055.]

Article 1 enacted by Stats. 1935, Ch. 145.

§§ 12050–12055 · 4 sections

• § 12050 An incorporated insurer issuing surety policies on the reserve basis shall be governed by the paid-in capital and surplus requirements of Sections 700. 01 to…
• § 12051 During the first three years following its admission, the insurer’s assets in an amount equal to its required paid-in capital shall be in cash or in the value…
• § 12052 After such three-year period, investments of such insurers are subject only to the provisions of this code regulating generally the investments of other…
• § 12055 An insurer admitted in the State to transact credit insurance may also acquire and dispose of debts so insured and collect any debts owed to such insurer or to…