CHAPTER 6. Incorporated Life Insurers Issuing Policies on a Reserve Basis [10510. - 10541.]

Chapter 6 enacted by Stats. 1935, Ch. 145.

§§ 10510–10541 · 6 sections

1. ARTICLE 1. Capital §§ 10510–10512 · 3 sections

   • § 10510 An incorporated life insurer issuing policies on the reserve basis shall not transact life insurance in this state unless it has a paid-in capital of at least…
   • § 10511 If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the…
   • § 10512 An insurer holding a certificate of authority for life insurance and any other proper class on December 31, 1989, shall be governed by the provisions of…
2. ARTICLE 2. Dividends § 10530 · 1 section

   • § 10530 (a) A domestic incorporated life insurer issuing policies on the reserve plan shall not make any dividends, except from earned surplus. (b) No dividends shall…
3. ARTICLE 3. Premiums and Premium Accounts §§ 10540–10541 · 2 sections

   • § 10540 An incorporated life insurer issuing life insurance policies on the reserve basis may collect premiums in advance. Such insurers may also accept moneys for the…
   • § 10541 (a) Insurers authorized to deliver or issue for delivery life insurance policies in this state may deliver or issue for delivery one or more funding…