Ins. Code, § 12640.06 · Article 2. Capital, Surplus and Contingency Reserve Requirements

Ins. Code, § 12640.06

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

A mortgage guaranty insurer shall not declare any dividends except from undivided profits remaining on hand over and above the aggregate of its paid-in capital, paid-in surplus and contingency reserve.

Notes and commentary — not statutory text

History

Added by Stats. 1961, Ch. 719.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=INS&sectionNum=12640.06.
Text hash: sha256 2772671eda0c7b7b8fbb84e10fe5bd4fa0cded2f911de4278c42fe200334600c
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Ins. Code, § 12640.06. Each shows the citation as that text prints it.

Insurance Code

Ins. Code, § 1152Printed as Sections 10530, 12373, and 12640.06

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.