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Section 10511.

CA Ins Code § 10511 (2019) (N/A)
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If authorized by its charter, such an incorporated life insurer may, except as provided in Section 700.03, transact, in addition to life insurance, any of the following classes of insurance if its total paid-in capital is at least two million two hundred fifty thousand dollars ($2,250,000) in excess of the sum of the amounts set forth opposite the classes of insurance transacted:

Number and name of class

Amount of capital

class transacted

to be added

6. Disability  ........................

250,000

8. Liability 9.  Workers’  compensation 10. Common carrier liability

⎫ _____

⎪ _____

⎬ ........................

⎪ _____

⎭ _____

300,000 for all or any of them

(Amended by Stats. 1989, Ch. 418, Sec. 4.)

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