California Insurance Code ARTICLE 2 - Capital Adjustments

• Section 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...
• Section 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...
• Section 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...
• Section 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...

Last modified: October 22, 2018