California § 11554 - In estimating the condition of any insurer admitted to transact such liability or
Full text of California Public Contract Code - PCC § 11554 — In estimating the condition of any insurer admitted to transact such liability or, with citation guidance and answers to common questions.
§ 11554. In estimating the condition of any insurer admitted to transact such liability or
In estimating the condition of any insurer admitted to transact such liability or compensation insurance, the commissioner shall charge as liabilities, among any other items, the following: (a) All outstanding indebtedness of such insurer. (b) A premium reserve on policies in force, equal to the unearned portions of the gross premiums charged for covering the risks and computed on each respective risk from the date of the issuance of the policy. (c) Proper reserves for outstanding losses, computed as set forth in this article.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11554
What does Public Contract Code - PCC § 11554 cover?
Section 11554 ("In estimating the condition of any insurer admitted to transact such liability or") 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 § 11554?
A common citation format is "Public Contract Code - PCC § 11554" (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 § 11554 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.