California § 11525 - A solvent domestic incorporated insurer having a paid-in capital represented by o
Full text of California Public Contract Code - PCC § 11525 — A solvent domestic incorporated insurer having a paid-in capital represented by o, with citation guidance and answers to common questions.
§ 11525. A solvent domestic incorporated insurer having a paid-in capital represented by o
A solvent domestic incorporated insurer having a paid-in capital represented by outstanding shares of capital stock and issuing, on a reserve basis, nonassessable policies of life insurance or of both life and disability insurance, may convert itself into an incorporated mutual life insurer, or life and disability insurer, issuing nonassessable policies on a reserve basis. To that end it may provide and carry out a plan for the acquisition of the outstanding shares of its capital stock for the benefit of its policyholders, or any class or classes of its policyholders, by complying with the requirements of this chapter.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11525
What does Public Contract Code - PCC § 11525 cover?
Section 11525 ("A solvent domestic incorporated insurer having a paid-in capital represented by o") 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 § 11525?
A common citation format is "Public Contract Code - PCC § 11525" (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 § 11525 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.