California Insurance Code

§ 987

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

INS § 987Div. 1 · Part 2 · Ch. 1 · Art. 13

Statute text

View on leginfo.ca.gov

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 reduce it below two hundred fifty thousand dollars ($250,000), or below 75 percent of the aggregate par value of its issued capital stock.

Legislative history

Amended by Stats. 1961, Ch. 167.