There is a newer version of the California Code
2013 California Code
Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE
PART 2. LIFE AND DISABILITY INSURANCE
CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan
ARTICLE 2. Capital Adjustments
11443
CA Ins Code § 11443 (2013) What's This?
The fund required by Section 11442 shall be used for the payment of matured liabilities arising under the assessment plan when other assets applicable thereto are exhausted. It may be derived from the excess over two hundred thousand dollars ($200,000) of the paid-in capital of the insurer. It need be maintained only during the existence of conditions set forth in Section 11442.
(Amended by Stats. 1982, Ch. 454, Sec. 116.)
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