ARTICLE 13. Insolvency

Article 13 enacted by Stats. 1935, Ch. 145.

§§ 980–989 · 9 sections

• § 980 As used in this article, “liability” includes liability for losses reported, expenses, taxes, and all other indebtedness not included in those categories.
• § 984 Any mortgage insurer or any mortgage guaranty insurer is insolvent whenever provision for its liabilities and for unearned income would, after exhausting its…
• § 985 (a) On or after January 1, 1970, as used in this article and in subdivision (i) of Section 1011, “insolvency” means either of the following: (1) Any impairment…
• § 985.5 In the case of the insolvency of an admitted insurer, the commissioner shall prepare a report, which shall be a public record, with respect to the causes and…
• § 985.6 The costs incurred in investigating and preparing the report required by Section 985.5 shall be an expense of administration within the meaning of paragraph…
• § 986 A life insurer issuing policies on a reserve basis is insolvent whenever its assets are exceeded by the total of the following: (1) the amount necessary to…
• § 987 A title insurer is insolvent whenever provision for its liabilities would, after exhausting its required surplus, so far impair its capital paid in as to…
• § 988 (a) As used in this section: (1) “Impaired” means a financial situation in which the assets of an insurer are less than the sum of the insurer’s minimum…
• § 989 Any person who does any of the following is guilty of a misdemeanor punishable by not more than one year in county jail: (a) Conceals any property belonging to…