Ins. Code, § 1311 · Article 2. Organization of Exchange
Ins. Code, § 1311
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
A reciprocal or interinsurance exchange may engage in the surety insurance business in this state only provided its surplus is at least twice the amount required as paid-in capital of an incorporated insurer writing the same classes of insurance by the provisions of Section 700.01. Paid-in capital as used in this section shall not include any of the surplus amounts required of incorporated insurers by the provisions of Sections 700.02, 700.03 and 700.05 of this code.
Any such reciprocal or interinsurance exchange shall be subject to such of the provisions of Chapter 1, except Sections 12050, 12051, and 12052, Part 4, Division 2, as can be made applicable to the nature of a reciprocal or interinsurance exchange.
Notes and commentary — not statutory text
History
Amended by Stats. 1971, Ch. 341.
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§ionNum=1311.
- Text hash
- sha256 251b025f1183caee4291c0fd0bf62094255057633ffe50de02f597b859d2d363
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Ins. Code, § 700.01Printed as Section 700.01
- Ins. Code, § 700.02Printed as Sections 700.02, 700.03 and 700.05 of this code
- Ins. Code, § 700.03Printed as Sections 700.02, 700.03 and 700.05 of this code
- Ins. Code, § 700.05Printed as Sections 700.02, 700.03 and 700.05 of this code
- Ins. Code, div. 2, pt. 4MISCELLANEOUS CASUALTY INSURANCESPrinted as Part 4
- Ins. Code, § 12050Printed as Sections 12050, 12051, and 12052
- Ins. Code, § 12051Printed as Sections 12050, 12051, and 12052
- Ins. Code, § 12052Printed as Sections 12050, 12051, and 12052
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.