ARTICLE 2. Capital Adjustments

Article 2 enacted by Stats. 1935, Ch. 145.

§§ 11440–11443 · 4 sections

• § 11440 Any insurer so reorganized shall have assets representing a paid-in capital represented by shares of stock apart from any assets described in Section 11441. At…
• § 11441 All assets belonging before transformation to any such insurer or arising or accruing from policies issued upon the assessment plan, shall be used only for the…
• § 11442 If, at or after the time of the transformation, it appears, either from the last preceding annual report by such insurer to the commissioner, or from an…
• § 11443 The fund required by Section 11442 shall be used for the payment of matured liabilities arising under the assessment plan when other assets applicable thereto…