California § 11111 - Any society may comply with subsection (a) of Section 11110 by deducting from its
Full text of California Public Contract Code - PCC § 11111 — Any society may comply with subsection (a) of Section 11110 by deducting from its, with citation guidance and answers to common questions.
§ 11111. Any society may comply with subsection (a) of Section 11110 by deducting from its
Any society may comply with subsection (a) of Section 11110 by deducting from its surplus an amount which, when added to the reserves on certificates theretofore issued, shall be sufficient to carry such certificates to maturity and establish and maintain after its conversion into a mutual life insurance company a special reserve in such an amount. The basis of such special reserve shall not be altered without the prior written consent of the commissioner. The commissioner shall give such consent only when he finds that such alteration will not impair nor imperil the purpose for which such special reserve is established. Any impairment of such reserve shall, to the extent thereof, be deemed a deficiency of required reserves and shall render the mutual life insurance company insolvent. No part of such special reserve shall be deemed to be a part of the capital paid in or of the surplus of the mutual life insurance company.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11111
What does Public Contract Code - PCC § 11111 cover?
Section 11111 ("Any society may comply with subsection (a) of Section 11110 by deducting from its") 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 § 11111?
A common citation format is "Public Contract Code - PCC § 11111" (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 § 11111 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.