Insurance Code - INS
DIVISION 2. CLASSES OF INSURANCE [1880 - 12880.6]
( Division 2 enacted by Stats. 1935, Ch. 145. ) PART 7. HOME PROTECTION [12740 - 12764]
( Part 7 added by Stats. 1978, Ch. 1203. ) CHAPTER 2. Fiscal Requirements [12750 - 12757]
( Chapter 2 added by Stats. 1978, Ch. 1203. ) 12755.
A home protection company shall be deemed insolvent whenever its net worth is reduced below 50 percent of the amount required by Section 12750.
(Added by Stats. 1981, Ch. 820, Sec. 8.)