Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 2. LIFE AND DISABILITY INSURANCE [10110 - 11549]
( Part 2 enacted by Stats. 1935, Ch. 145. ) CHAPTER 11. Change by Assessment Plan Insurer to Reserve Plan [11420 - 11490]
( Chapter 11 enacted by Stats. 1935, Ch. 145. ) ARTICLE 2. Capital Adjustments [11440 - 11443]
( Article 2 enacted by Stats. 1935, Ch. 145. ) 11441.
All assets belonging before transformation to any such insurer or arising or accruing from policies issued upon the assessment plan, shall be used only for the benefit of the holders of such policies. Such assets shall not be used or considered as any part of the paid in capital provided for by section 11440.
(Enacted by Stats. 1935, Ch. 145.)