DIVISION 2. CLASSES OF INSURANCE 1880-12880.5›PART 2. LIFE AND DISABILITY INSURANCE 10110-11549›CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan 11420-11490›ARTICLE 2. Capital Adjustments 11440-11443

§ 11441

California Insurance Code · 2018-11 edition · updated 2026-10-04 · California

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 the benefit of the holders of such policies. Such assets shall not be used or considered as any part of the paid in capital provided for by section 11440.

(Enacted by Stats. 1935, Ch. 145.)

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California Insurance Code

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