§ 12640.03

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

An insurer shall not transact the business of mortgage guaranty insurance unless it has paid-in capital of at least one million dollars ($1,000,000) and paid-in surplus of at least one million dollars ($1,000,000).

(Added by Stats. 1961, Ch. 719.)

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California Insurance Code

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