Cal. Ins. Code § 1371
Current through the 2024 Legislative Session.
If an exchange does either liability or workers' compensation insurance, it shall at all times maintain assets in a sum sufficient to discharge all liabilities and to provide a surplus over all liabilities of one hundred thousand dollars ($100,000).
An exchange subject to the provisions of this section is also subject to the provisions of Sections 1370.2, 1370.4, and 1370.8.
Ca. Ins. Code § 1371