California Insurance Code ARTICLE 13 - Insolvency

• Section 980.
  As used in this article, “liability” includes liability for losses reported, expenses, taxes, and all other indebtedness not included in those categories.(Enacted by Stats. 1935,...
• Section 984.
  Any mortgage insurer or any mortgage guaranty insurer is insolvent whenever provision for its liabilities and for unearned income would, after exhausting its required insurance...
• Section 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...
• Section 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...
• Section 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 (1)...
• Section 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...
• Section 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...
• Section 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...
• Section 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...

Last modified: October 22, 2018