Section 10511.  


Latest version.
  • If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in excess of the sum of the amounts set forth opposite the classes of insurance transacted:

    Number and name of class

    Amount of capital

    class transacted

    to be added

     6. Disability  ........................

    250,000

     8. Liability
     9.  Workers'
     compensation
    10. Common carrier
     liability

      _____

      _____

      ........................

      _____

     _____

    300,000
    for all or any
    of them

(Amended by Stats. 1989, Ch. 418, Sec. 4.)