§ 10511

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

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.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Insurance Code

California Insurance Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.