SECTIONS 11600-11602 - California Statutes

INSURANCE CODE

SECTION 11600-11602

11600. An incorporated insurer issuing policies of liability,
workers' compensation, or common carrier liability insurance, shall
be governed by the paid-in capital and surplus requirements of
Sections 700.01 to 700.05, inclusive.

11601. Except as restricted by its charter, such an incorporated
insurer, having such a paid-in capital, may transact all three of
such insurances.

11602. Any such insurer which on July 26, 1919, was authorized by
its charter to transact liability insurance may transact workers'
compensation and common carrier liability insurance as though
expressly permitted by its charter to do so.