California § 1582 - The amount of such deposit shall be equal to the minimum amount of the paid-in ca
Full text of California Public Contract Code - PCC § 1582 — The amount of such deposit shall be equal to the minimum amount of the paid-in ca, with citation guidance and answers to common questions.
§ 1582. The amount of such deposit shall be equal to the minimum amount of the paid-in ca
The amount of such deposit shall be equal to the minimum amount of the paid-in capital required for admission of incorporated insurers issuing policies on a reserve basis and transacting the same classes of insurance which such alien insurer is transacting in the United States, but the commissioner may accept such deposit in excess of such amount. Such deposit may be treated as a part of the assets of the depositing insurer. For the purpose of computing the amount of the deposit, the value of the securities shall not be estimated in excess of the par value nor of the market value thereof.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1582
What does Public Contract Code - PCC § 1582 cover?
Section 1582 ("The amount of such deposit shall be equal to the minimum amount of the paid-in ca") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1582?
A common citation format is "Public Contract Code - PCC § 1582" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1582 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.