Insurance Code § 10510
‹ § 10509.975§ 10511 ›Open in browserleginfo ↗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 two million two hundred fifty thousand dollars ($2,250,000) plus the surplus required by Section 700.02 and Section 700.05.
(Amended by Stats. 1989, Ch. 418, Sec. 3.)