California Insurance Code Sections 690

Article 2. Capital Structure
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CA Codes (ins:690) INSURANCE CODE
SECTION 690 




690.  If any paid in capital of an insurer is, or is to be,
represented by shares of stock, such insurer shall not be organized
in this State or admitted to transact any class of insurance in this
State, unless all of such shares, authorized or issued, have a
specified par value.