California § 12750 - A home protection company which has issued or renewed an aggregate number of 1,00
Full text of California Public Contract Code - PCC § 12750 — A home protection company which has issued or renewed an aggregate number of 1,00, with citation guidance and answers to common questions.
§ 12750. A home protection company which has issued or renewed an aggregate number of 1,00
(a) A home protection company which has issued or renewed an aggregate number of 1,000 or less contracts in the preceding calendar year shall maintain a minimum net worth of forty thousand dollars ($40,000) and for each additional 500 contracts, or fraction thereof, up to 10,000 contracts, an additional twenty thousand dollars ($20,000). (b) Net worth is defined as the excess of admitted assets over all liabilities and required reserves. At least twenty thousand dollars ($20,000) of net worth shall consist of paid-in capital.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12750
What does Public Contract Code - PCC § 12750 cover?
Section 12750 ("A home protection company which has issued or renewed an aggregate number of 1,00") 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 § 12750?
A common citation format is "Public Contract Code - PCC § 12750" (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 § 12750 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.