California § 12051 - During the first three years following its admission, the insurer
Full text of California Public Contract Code - PCC § 12051 — During the first three years following its admission, the insurer, with citation guidance and answers to common questions.
§ 12051. During the first three years following its admission, the insurer
During the first three years following its admission, the insurerâs assets in an amount equal to its required paid-in capital shall be in cash or in the value of obligations, purchase of which is approved by the commissioner, of the United States government, any State, or any county in this State.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12051
What does Public Contract Code - PCC § 12051 cover?
Section 12051 ("During the first three years following its admission, the insurer") 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 § 12051?
A common citation format is "Public Contract Code - PCC § 12051" (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 § 12051 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.