DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 4. MISCELLANEOUS CASUALTY INSURANCES 12050-12129›CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances 12050-12122›ARTICLE 3. Special Restrictions on Business 12090-12093
§ 12092
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
Whenever such an insurer fails to maintain the financial condition required by section 12091, the commissioner shall require the deficiency to be made up in sixty days. If it is not made up as required, he shall issue a certificate showing the extent of such deficiency. He shall publish the certificate once a week for three weeks, in a daily San Francisco paper. From the time of first publication until such deficiency is made up, the insurer shall not do business in this State.
(Enacted by Stats. 1935, Ch. 145.)
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