ARTICLE 3. Capital Requirements of Reserve Basis Insurers

Article 3 enacted by Stats. 1935, Ch. 145.

§§ 11600–11602 · 3 sections

• § 11600 An incorporated insurer issuing policies of liability, workers’ compensation, or common carrier liability insurance, shall be governed by the paid-in capital…
• § 11601 Except as restricted by its charter, such an incorporated insurer, having such a paid-in capital, may transact all three of such insurances.
• § 11602 Any such insurer which on July 26, 1919, was authorized by its charter to transact liability insurance may transact workers’ compensation and common carrier…