There is a newer version of the California Code
2011 California Code
Insurance Code
DIVISION 2. CLASSES OF INSURANCE [1880 - 12865]
ARTICLE 3. Profits, Surplus and Dividends
Section 12464
CA Ins Code § 12464 (through 2012 Leg Sess) What's This?
The insurance surplus must be maintained as a further security to the holders of mortgage policies issued by the insurer. If at any time such surplus is impaired by reason of a loss, the amount of the impairment shall be restored in the manner provided for its accumulation.
(Enacted by Stats. 1935, Ch. 145.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
