Cal. Code Regs. tit. 10 § 40.106

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 40.106 - Impairment of Capital Defined: Section 18368(a), Financial Code

For purposes of Section 18368(a) of the Financial Code capital is impaired when the minimum amount of capital required by the Financial Code is reduced by a net deficit balance in the company's surplus accounts.

Cal. Code Regs. Tit. 10, § 40.106

1. Change without regulatory effect renumbering former section 1119 to new section 40.106 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18368(a), Financial Code.

1. Change without regulatory effect renumbering former section 1119 to new section 40.106 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).